Investors bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Monday. $124.69 million flowed into the stock on the tick-up and $79.83 million flowed out of the stock on the tick-down, for a money net flow of $44.86 million into the stock. Of all equities tracked, Philip Morris International had the 4th highest net in-flow for the day. Philip Morris International traded down ($0.63) for the day and closed at $103.00

Several research analysts have recently weighed in on the stock. Vetr cut shares of Philip Morris International from a “buy” rating to a “hold” rating and set a $102.86 price target for the company. in a report on Thursday, May 5th. Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of 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 upgraded shares of Philip Morris International from a “marketperform” rating to an “outperform” rating in a report on Thursday, April 14th. Finally, Credit Suisse Group AG upped their price target on shares of Philip Morris International from $83.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, April 8th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $102.50.

The firm’s 50-day moving average is $101.04 and its 200 day moving average is $96.37. The company has a market cap of $159.78 billion and a P/E ratio of 24.29.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 23rd were paid a $1.02 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $4.08 annualized dividend and a dividend yield of 3.96%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 33,340 shares of the business’s stock in a transaction 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 completion of the sale, the chairman now owns 800,157 shares in the company, valued at approximately $77,575,221.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Marc S. Firestone sold 18,000 shares of the business’s stock in a transaction 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 sale, 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.

A number of hedge funds have made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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 worth $8,281,852,000 after buying an additional 3,019,182 shares during the period. BHF Kleinwort Benson Group S.A. acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $95,490,000. Cibc World Markets Corp acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $64,712,000. Henderson Group PLC raised its stake in shares of Philip Morris International by 888.2% in the fourth quarter. Henderson Group PLC now owns 788,459 shares of the company’s stock worth $69,302,000 after buying an additional 708,673 shares during the period. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $44,258,000.

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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