Investors purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours 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

A number of brokerages have recently commented on PM. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $105.00 price target (up from $99.00) on shares of Philip Morris International in a 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 report on Wednesday, May 11th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Monday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $90.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 19th. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Philip Morris International in a report on Tuesday, July 19th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $103.68.

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

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 the Thomson Reuters’ consensus estimate of $1.20 by $0.05. The business earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. Equities analysts predict that Philip Morris International Inc. will post $4.49 EPS for the current year.

The business also recently disclosed 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 annualized dividend and a yield of 4.12%.

A number of hedge funds recently bought and sold shares of PM. Brown Advisory Securities LLC increased its stake in 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 stake in 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. Pitcairn Co. increased its stake in 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. WFG Advisors LP increased its stake in Philip Morris International by 26.8% in the fourth quarter. WFG Advisors LP now owns 16,802 shares of the company’s stock valued at $1,477,000 after buying an additional 3,556 shares during the last quarter. Finally, TMD & Associates Inc. bought a new stake in Philip Morris International during the fourth quarter valued at about $1,493,000.

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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