Philip Morris International Inc. (NYSE:PM)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $103.39 and last traded at $103.28, with a volume of 1,706,226 shares changing hands. The stock had previously closed at $103.09.

Several brokerages have commented on PM. Zacks Investment Research lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $104.15 target price on the stock in a research report on Tuesday, April 19th. JPMorgan Chase & Co. upgraded shares of Philip Morris International from a “neutral” rating to an “overweight” rating and set a $112.00 target price on the stock in a research report on Friday, June 17th. Goldman Sachs Group Inc. restated a “hold” rating and set a $100.00 target price (up from $97.00) on shares of Philip Morris International in a research report on Thursday, April 14th. Finally, Societe Generale upgraded 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 report 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. The company has a consensus rating of “Buy” and an average price target of $102.23.

The firm has a market capitalization of $159.63 billion and a PE ratio of 24.27. The stock has a 50 day moving average price of $100.54 and a 200-day moving average price of $95.94.

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

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

In related news, Chairman Louis C. Camilleri sold 33,340 shares of the 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 transaction, the chairman now owns 800,157 shares in the company, valued at approximately $77,575,221.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Marc S. Firestone sold 18,000 shares of the stock in a transaction on 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 completion of the transaction, the vice president now 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 institutional investors recently added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. raised its position 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 period. Clarkston Capital Partners LLC raised its position in 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. raised its position in 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 raised its position in 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 raised its position in 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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