Traders purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Tuesday. $111.76 million flowed into the stock on the tick-up and $60.53 million flowed out of the stock on the tick-down, for a money net flow of $51.23 million into the stock. Of all equities tracked, Philip Morris International had the 5th highest net in-flow for the day. Philip Morris International traded down ($0.75) for the day and closed at $98.96

Several equities analysts have recently weighed in on PM shares. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $104.15 price objective for the company in a report on Tuesday, April 19th. First Global upgraded Philip Morris International from a “marketperform” rating to an “outperform” rating in a report on Thursday, April 14th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and raised their price objective for the company from $77.00 to $99.00 in a report on Thursday, April 21st. Finally, Morgan Stanley raised their price objective on Philip Morris International from $95.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 4th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $103.68.

The firm has a market capitalization of $153.49 billion and a P/E ratio of 23.67. The firm’s 50 day moving average price is $100.97 and its 200-day moving average price is $96.84.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.20 by $0.05. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the previous year, the company earned $1.21 EPS. Analysts predict that Philip Morris International Inc. will post $4.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Thursday, June 23rd were issued a $1.02 dividend. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.12%.

A number of large investors have recently modified their holdings of PM. Clarkston Capital Partners LLC increased its stake 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 last quarter. Brown Advisory Securities LLC increased its stake 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 last quarter. Cobblestone Capital Advisors LLC NY increased its stake in shares of Philip Morris International by 2.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 13,493 shares of the company’s stock worth $1,186,000 after buying an additional 320 shares during the last quarter. Pettyjohn Wood & White Inc. increased its stake in shares of Philip Morris International by 26.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 13,862 shares of the company’s stock worth $1,219,000 after buying an additional 2,876 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust increased its stake in shares of Philip Morris International by 33.3% in the fourth quarter. New Jersey Better Educational Savings Trust now owns 16,000 shares of the company’s stock worth $1,407,000 after buying an additional 4,000 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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