Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Wednesday. $51.42 million flowed into the stock on the tick-up and $90.39 million flowed out of the stock on the tick-down, for a money net flow of $38.97 million out of the stock. Of all stocks tracked, Philip Morris International had the 11th highest net out-flow for the day. Philip Morris International traded up $0.77 for the day and closed at $99.17

A number of equities analysts recently issued reports on PM shares. First Global upgraded shares of Philip Morris International from a “marketperform” rating to an “outperform” rating in a research report on Thursday, April 14th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $104.50 price objective for the company in a research report on Monday, May 23rd. Goldman Sachs Group Inc. raised their price objective on shares of Philip Morris International from $100.00 to $101.00 and gave the company a “neutral” rating in a research report on Wednesday, April 20th. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and raised their price objective for the company from $77.00 to $99.00 in a research report on Thursday, April 21st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Philip Morris International has an average rating of “Buy” and a consensus price target of $103.68.

The firm has a market cap of $153.85 billion and a PE ratio of 23.72. The firm’s 50-day moving average is $100.43 and its 200 day moving average is $97.63.

Philip Morris International (NYSE:PM) last posted its earnings results 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 firm earned $6.65 billion during the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the prior year, the firm earned $1.21 EPS. On average, equities research analysts expect that Philip Morris International Inc. will post $4.49 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 23rd were given 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 4.11%.

Other institutional investors recently bought and sold shares of the company. Brown Advisory Securities LLC raised its position 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. St. Louis Trust Co bought a new position in Philip Morris International during the fourth quarter valued at about $1,170,000. Pettyjohn Wood & White Inc. raised its position 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. raised its position 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. Finally, WFG Advisors LP raised its position 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.

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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