Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Monday. $58.31 million flowed into the stock on the tick-up and $123.21 million flowed out of the stock on the tick-down, for a money net flow of $64.90 million out of the stock. Of all stocks tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.29 for the day and closed at $103.38

PM has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Philip Morris International to $110.00 and gave the stock a “buy” rating in a research note on Monday, March 14th. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $98.82 target price for the company. in a research note on Wednesday, May 11th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Tuesday, April 5th. Morgan Stanley boosted their target price on shares of Philip Morris International from $95.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, April 4th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and boosted their target price for the stock from $77.00 to $99.00 in a research note on Thursday, April 21st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and a consensus target price of $102.23.

The firm’s 50-day moving average price is $100.40 and its 200 day moving average price is $95.89. The company has a market cap of $160.37 billion and a PE ratio of 24.38.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 23rd were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Tuesday, June 21st.

In other news, VP Marc S. Firestone sold 18,000 shares of Philip Morris International stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $97.06, for a total transaction of $1,747,080.00. Following the sale, the vice president now directly owns 184,179 shares in the company, valued at approximately $17,876,413.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Louis C. Camilleri sold 33,340 shares of Philip Morris International 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 sale, the chairman now owns 800,157 shares in the company, valued at $77,575,221.15. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. boosted its stake in 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 last quarter. Nippon Life Insurance Co. boosted its stake in Philip Morris International by 22.2% in the fourth quarter. Nippon Life Insurance Co. now owns 75,261 shares of the company’s stock worth $6,616,000 after buying an additional 13,649 shares during the last quarter. Savant Capital LLC boosted its stake in Philip Morris International by 24.7% in the fourth quarter. Savant Capital LLC now owns 11,467 shares of the company’s stock worth $1,008,000 after buying an additional 2,270 shares during the last quarter. Financial Partners Capital Management LLC boosted its stake in Philip Morris International by 2.2% in the fourth quarter. Financial Partners Capital Management LLC now owns 21,148 shares of the company’s stock worth $1,859,000 after buying an additional 462 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in Philip Morris International by 18.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,061,957 shares of the company’s stock worth $93,357,000 after buying an additional 164,400 shares during 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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