Philip Morris International Inc. (NYSE:PM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $103.15 and last traded at $102.71, with a volume of 3,242,778 shares traded. The stock had previously closed at $101.28.

A number of equities analysts recently issued reports on PM shares. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $104.15 target price on the stock in a report on Tuesday, April 19th. Zacks Investment Research cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. First Global upgraded Philip Morris International from a “marketperform” rating to an “outperform” rating in a report on Thursday, April 14th. Bank of America Corp. upgraded Philip Morris International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $93.00 to $110.00 in a report on Thursday, March 24th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $109.00 target price (up from $98.00) on shares of Philip Morris International in a report on Wednesday, March 23rd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $102.23.

The firm has a market capitalization of $158.79 billion and a PE ratio of 24.14. The stock’s 50 day moving average is $100.02 and its 200 day moving average is $95.51.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 19th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.13. During the same quarter in the previous year, the company earned $1.16 EPS. The firm earned $6.10 billion during the quarter, compared to analyst estimates of $6.36 billion. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc. will post $4.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 11th. Stockholders of record on Thursday, June 23rd will be issued a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.99%.

In other news, Chairman Louis C. Camilleri sold 33,340 shares of the firm’s stock in a transaction on Monday, April 25th. The stock was sold at an average price of $96.95, for a total value of $3,232,313.00. Following the completion of the sale, the chairman now owns 800,157 shares of the company’s stock, valued at approximately $77,575,221.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Marc S. Firestone sold 18,000 shares of the firm’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $97.06, for a total value of $1,747,080.00. Following the completion of the sale, the vice president now directly owns 184,179 shares of the company’s stock, valued at approximately $17,876,413.74. The disclosure for this sale can be found here.

Several hedge funds have bought and sold shares of PM. Vanguard Group Inc. boosted its stake in Philip Morris International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 94,208,305 shares of the company’s stock worth $8,281,852,000 after buying an additional 3,019,182 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Philip Morris International by 4.8% in the fourth quarter. World Asset Management Inc now owns 157,882 shares of the company’s stock worth $13,880,000 after buying an additional 7,231 shares in the last quarter. Northstar Investment Advisors LLC boosted its stake in shares of Philip Morris International by 3.0% in the fourth quarter. Northstar Investment Advisors LLC now owns 85,906 shares of the company’s stock worth $7,552,000 after buying an additional 2,484 shares in the last quarter. Bank of Hawaii boosted its stake in shares of Philip Morris International by 3.8% in the fourth quarter. Bank of Hawaii now owns 138,057 shares of the company’s stock worth $12,136,000 after buying an additional 5,070 shares in the last quarter. Finally, WMS Partners LLC boosted its stake in shares of Philip Morris International by 1.9% in the fourth quarter. WMS Partners LLC now owns 26,475 shares of the company’s stock worth $2,327,000 after buying an additional 504 shares in the last quarter.

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

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