Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Thursday. $99.88 million flowed into the stock on the tick-up and $138.42 million flowed out of the stock on the tick-down, for a money net flow of $38.54 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 $1.77 for the day and closed at $99.10

PM has been the subject of a number of research reports. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $102.06 target price for the company in a report on Monday, April 4th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a report on Friday, May 6th. Goldman Sachs Group Inc. reissued a “hold” rating and issued a $100.00 target price (up previously from $97.00) on shares of Philip Morris International in a report on Thursday, April 14th. Finally, Societe Generale upgraded shares of 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. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $103.68.

The company has a market capitalization of $155.54 billion and a P/E ratio of 23.99. The company has a 50 day moving average of $100.76 and a 200 day moving average of $96.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by $0.05. During the same period last year, the firm earned $1.21 earnings per share. The firm earned $6.65 billion during the quarter, compared to the consensus estimate of $6.77 billion. On average, analysts expect that Philip Morris International Inc. will post $4.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 23rd were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Tuesday, June 21st.

A number of hedge funds have recently modified their holdings of PM. 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 valued at $8,281,852,000 after buying an additional 3,019,182 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake 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 raised its stake 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. State of New Jersey Common Pension Fund D raised its stake 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. Finally, State of Wisconsin Investment Board raised its stake in shares of Philip Morris International by 2.8% in the fourth quarter. State of Wisconsin Investment Board now owns 1,710,661 shares of the company’s stock valued at $150,384,000 after buying an additional 46,220 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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