Traders sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Wednesday. $66.34 million flowed into the stock on the tick-up and $141.10 million flowed out of the stock on the tick-down, for a money net flow of $74.76 million out of the stock. Of all equities tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.12 for the day and closed at $102.36

Several equities research analysts recently weighed in on PM shares. Vetr downgraded Philip Morris International from a “buy” rating to a “hold” rating and set a $102.86 price objective on the stock. in a report on Thursday, May 5th. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 19th. First Global raised Philip Morris International from a “marketperform” rating to an “outperform” rating in a report on Thursday, April 14th. Finally, Credit Suisse Group AG raised their price objective on Philip Morris International from $83.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, April 8th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Philip Morris International has an average rating of “Buy” and an average target price of $102.23.

The stock has a market cap of $158.79 billion and a price-to-earnings ratio of 24.14. The firm has a 50-day moving average price of $100.02 and a 200-day moving average price of $95.51.

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

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

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

Other hedge funds and institutional investors recently made changes to their positions in the company. ZWJ Investment Counsel Inc. boosted its position in shares of Philip Morris International by 0.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 12,683 shares of the company’s stock worth $1,115,000 after buying an additional 71 shares during the period. Clarkston Capital Partners LLC boosted its position in shares of Philip Morris International by 0.7% in the fourth quarter. Clarkston Capital Partners LLC now owns 11,880 shares of the company’s stock worth $1,044,000 after buying an additional 80 shares during the period. Legacy Capital Partners Inc. boosted its position in shares of Philip Morris International by 0.5% in the fourth quarter. Legacy Capital Partners Inc. now owns 17,305 shares of the company’s stock worth $1,522,000 after buying an additional 80 shares during the period. Brown Advisory Securities LLC boosted its position in shares of Philip Morris International by 1.0% in the fourth quarter. Brown Advisory Securities LLC now owns 13,287 shares of the company’s stock worth $1,170,000 after buying an additional 130 shares during the period. Finally, SVA Plumb Wealth Management LLC boosted its position in shares of Philip Morris International by 0.4% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 31,262 shares of the company’s stock worth $2,748,000 after buying an additional 136 shares during the period.

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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