Traders bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Friday. $96.90 million flowed into the stock on the tick-up and $59.44 million flowed out of the stock on the tick-down, for a money net flow of $37.46 million into the stock. Of all companies tracked, Philip Morris International had the 7th highest net in-flow for the day. Philip Morris International traded down ($0.07) for the day and closed at $98.93

Several analysts have recently commented on the company. Credit Suisse Group AG raised their target price on Philip Morris International from $83.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, April 8th. Goldman Sachs Group Inc. reaffirmed a “hold” rating and issued a $100.00 target price (up previously from $97.00) on shares of Philip Morris International in a research report on Thursday, April 14th. First Global raised Philip Morris International from a “marketperform” rating to an “outperform” rating in a research report on Thursday, April 14th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $90.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 19th. Finally, Vetr raised Philip Morris International from a “hold” rating to a “buy” rating and set a $104.15 target price for the company in a research report on Tuesday, April 19th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $103.68.

The firm’s 50-day moving average is $100.63 and its 200-day moving average is $97.29. The company has a market cap of $153.47 billion and a P/E ratio of 23.67.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by $0.05. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period last year, the firm earned $1.21 EPS. Equities research analysts anticipate 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. Shareholders of record on Thursday, June 23rd were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Tuesday, June 21st.

Other hedge funds have modified their holdings of the company. Beacon Financial Group boosted its stake in shares of Philip Morris International by 0.7% in the fourth quarter. Beacon Financial Group now owns 183,690 shares of the company’s stock valued at $16,344,000 after buying an additional 1,336 shares during the last quarter. Clarkston Capital Partners LLC raised 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 period. First Fiduciary Investment Counsel Inc. raised its position 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 valued at $19,570,000 after buying an additional 865 shares during the period. Brown Advisory Securities LLC raised 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 period. Finally, Pettyjohn Wood & White Inc. raised 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 period.

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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