Investors bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Thursday. $101.74 million flowed into the stock on the tick-up and $43.62 million flowed out of the stock on the tick-down, for a money net flow of $58.12 million into the stock. Of all stocks tracked, Philip Morris International had the 5th highest net in-flow for the day. Philip Morris International traded down ($0.05) for the day and closed at $103.19

A number of equities analysts recently weighed in on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $97.00 target price on shares of Philip Morris International in a research note on Thursday, March 17th. Vetr downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $99.42 target price for the company. in a research note on Thursday, March 17th. Cowen and Company reissued an “outperform” rating and set a $109.00 target price (up previously from $98.00) on shares of Philip Morris International in a research note on Wednesday, March 23rd. Bank of America Corp. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $110.00 in a research note on Thursday, March 24th. Finally, Morgan Stanley lifted 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. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and an average target price of $102.50.

The stock has a market cap of $160.07 billion and a price-to-earnings ratio of 24.34. The firm has a 50-day moving average of $100.79 and a 200-day moving average of $96.05.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 last year, the firm posted $1.16 earnings per share. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.36 billion. The company’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc. will post $4.47 EPS for the current year.

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

In other Philip Morris International news, Chairman Louis C. Camilleri sold 33,340 shares of Philip Morris International stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $96.95, for a total transaction of $3,232,313.00. Following the transaction, the chairman now 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 is available through the SEC website. Also, VP Marc S. Firestone sold 18,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $97.06, for a total transaction of $1,747,080.00. Following the transaction, the vice president now directly owns 184,179 shares in the company, valued at approximately $17,876,413.74. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of PM. Vanguard Group Inc. increased its position in shares of Philip Morris International by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 94,208,305 shares of the company’s stock valued at $8,281,852,000 after buying an additional 3,019,182 shares in the last quarter. Swiss National Bank increased its position in shares of Philip Morris International by 9.9% in the fourth quarter. Swiss National Bank now owns 3,037,331 shares of the company’s stock valued at $267,012,000 after buying an additional 272,900 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Philip Morris International by 0.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,523,393 shares of the company’s stock valued at $224,532,000 after buying an additional 12,656 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Philip Morris International by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,317,855 shares of the company’s stock valued at $203,789,000 after buying an additional 81,931 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Philip Morris International by 11.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,821,000 shares of the company’s stock valued at $160,084,000 after buying an additional 180,000 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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