Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading hours on Friday. $85.51 million flowed into the stock on the tick-up and $163.38 million flowed out of the stock on the tick-down, for a money net flow of $77.87 million out of the stock. Of all equities tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $1.16 for the day and closed at $100.26

Several equities research analysts have recently issued reports on PM shares. Morgan Stanley raised their price target 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. First Global upgraded shares of Philip Morris International from a “marketperform” rating to an “outperform” rating in a research note on Thursday, April 14th. Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $104.50 price target for the company in a research note on Monday, May 23rd. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG lifted their price objective on shares of Philip Morris International from $83.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, April 8th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Philip Morris International currently has a consensus rating of “Buy” and an average price target of $103.68.

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

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

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $4.08 dividend on an annualized basis and a yield of 4.07%.

A number of hedge funds have made changes to their positions in PM. First Fiduciary Investment Counsel Inc. boosted its stake in shares of Philip Morris International by 0.4% in the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 222,612 shares of the company’s stock worth $19,570,000 after buying an additional 865 shares in the last quarter. Clarkston Capital Partners LLC boosted 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 in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Philip Morris International by 136.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 453,593 shares of the company’s stock worth $39,875,000 after buying an additional 261,905 shares in the last quarter. State of Wisconsin Investment Board boosted 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 worth $150,384,000 after buying an additional 46,220 shares in the last quarter. Finally, Usca Ria LLC boosted its stake in shares of Philip Morris International by 3.8% in the fourth quarter. Usca Ria LLC now owns 37,709 shares of the company’s stock worth $3,315,000 after buying an additional 1,367 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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