Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Friday. $36.68 million flowed into the stock on the tick-up and $53.63 million flowed out of the stock on the tick-down, for a money net flow of $16.95 million out of the stock. Of all equities tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.14 for the day and closed at $99.00

A number of research analysts have recently issued reports on PM shares. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $105.00 price objective (up from $99.00) on shares of Philip Morris International in a report on Friday, July 15th. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $98.82 price objective 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 objective for the company in a report on Monday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $90.00 to $98.00 and gave the company 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $103.68.

The firm has a market cap of $153.58 billion and a P/E ratio of 23.68. The company’s 50 day moving average price is $100.29 and its 200 day moving average price is $97.72.

Philip Morris International (NYSE:PM) last issued its quarterly 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 company 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 posted $1.21 EPS. On average, equities analysts predict that Philip Morris International Inc. will post $4.49 earnings per share for the current fiscal year.

Several hedge funds and institutional investors have modified their holdings of the company. Vanguard Group Inc. raised its position 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. SVA Plumb Wealth Management LLC raised its position in shares of Philip Morris International by 0.4% in the fourth quarter. SVA Plumb Wealth Management LLC now owns 31,262 shares of the company’s stock valued at $2,748,000 after buying an additional 136 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Philip Morris International by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 101,224 shares of the company’s stock valued at $8,899,000 after buying an additional 1,689 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Philip Morris International by 0.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,523,393 shares of the company’s stock valued at $224,532,000 after buying an additional 12,656 shares during the last quarter. Finally, Tredje AP fonden raised its position in shares of Philip Morris International by 1.4% in the fourth quarter. Tredje AP fonden now owns 101,471 shares of the company’s stock valued at $9,024,000 after buying an additional 1,365 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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