Traders bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Monday. $139.23 million flowed into the stock on the tick-up and $62.34 million flowed out of the stock on the tick-down, for a money net flow of $76.89 million into the stock. Of all companies tracked, Philip Morris International had the 2nd highest net in-flow for the day. Philip Morris International traded down ($0.11) for the day and closed at $100.15

Several equities analysts have recently issued reports on the company. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $105.00 price target (up previously from $99.00) on shares of Philip Morris International in a research note on Friday, July 15th. Vetr lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $98.82 price target on the stock. in a research note on Wednesday, May 11th. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Monday, May 16th. JPMorgan Chase & Co. upped their price target on Philip Morris International from $90.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, April 19th. Finally, Credit Suisse Group AG upped their price target on 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $103.68.

The stock has a market cap of $155.37 billion and a price-to-earnings ratio of 23.96. The stock’s 50 day moving average price is $100.73 and its 200 day moving average price is $97.15.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders 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 yield of 4.07%.

Several large investors recently modified their holdings of PM. Vanguard Group Inc. boosted 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 during the last quarter. BHF Kleinwort Benson Group S.A. bought a new stake in shares of Philip Morris International during the fourth quarter valued at $95,490,000. Cibc World Markets Corp bought a new stake in shares of Philip Morris International during the fourth quarter valued at $64,712,000. 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 valued at $39,875,000 after buying an additional 261,905 shares during the last quarter. Finally, Eaton Vance Management boosted its stake in shares of Philip Morris International by 22.8% in the fourth quarter. Eaton Vance Management now owns 997,985 shares of the company’s stock valued at $87,733,000 after buying an additional 185,209 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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