Investors bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Wednesday. $108.37 million flowed into the stock on the tick-up and $53.42 million flowed out of the stock on the tick-down, for a money net flow of $54.95 million into the stock. Of all stocks tracked, Philip Morris International had the 8th highest net in-flow for the day. Philip Morris International traded down ($0.94) for the day and closed at $99.03

PM has been the subject of several research reports. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $105.00 price target (up previously from $99.00) on shares of Philip Morris International in a research report on Friday, July 15th. Vetr downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $98.82 price target for the company. in a research report on Wednesday, May 11th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Tuesday, April 5th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $77.00 to $99.00 in a report on Thursday, April 21st. Finally, JPMorgan Chase & Co. raised shares of Philip Morris International from a “neutral” rating to an “overweight” rating and set a $112.00 price objective on the stock in a report on Friday, June 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $103.68.

The stock’s 50 day moving average price is $100.69 and its 200 day moving average price is $97.26. The stock has a market cap of $153.63 billion and a price-to-earnings ratio of 23.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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. The business earned $6.65 billion during the quarter, compared to analyst estimates of $6.77 billion. During the same period last year, the business posted $1.21 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post $4.49 earnings per share for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $4.08 annualized dividend and a dividend yield of 4.12%.

Several institutional investors recently modified their holdings of PM. Clarkston Capital Partners LLC increased its position 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 valued at $1,044,000 after buying an additional 80 shares during the last quarter. Brown Advisory Securities LLC increased its position 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 valued at $1,170,000 after buying an additional 130 shares during the last quarter. Pettyjohn Wood & White Inc. increased its position 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 valued at $1,219,000 after buying an additional 2,876 shares during the last quarter. New Jersey Better Educational Savings Trust increased its position 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 valued at $1,407,000 after buying an additional 4,000 shares during the last quarter. Finally, Pitcairn Co. increased its position in shares of Philip Morris International by 2.3% in the fourth quarter. Pitcairn Co. now owns 16,681 shares of the company’s stock valued at $1,467,000 after buying an additional 375 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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