Investors sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Monday. $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 stocks 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

Several analysts have commented on PM shares. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $104.50 target price for the company in a research report on Monday, May 23rd. Goldman Sachs Group Inc. boosted their target price on shares of Philip Morris International from $100.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 20th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and boosted their target price for the stock from $77.00 to $99.00 in a research report on Thursday, April 21st. Finally, Wells Fargo & Co. reissued an “outperform” rating on shares of Philip Morris International in a research report on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $103.68.

The stock’s 50-day moving average price is $100.31 and its 200 day moving average price is $97.94. The firm has a market capitalization of $153.88 billion and a P/E ratio of 23.7297.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by $0.05. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the prior year, the company earned $1.21 earnings per share. On average, equities analysts forecast that Philip Morris International Inc. will post $4.49 earnings per share for the current year.

Other institutional investors have modified their holdings of the company. Vanguard Group Inc. boosted 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 in the last quarter. Cibc World Markets Corp acquired a new position in shares of Philip Morris International during the fourth quarter valued at $64,712,000. Eaton Vance Management boosted its position in shares of Philip Morris International by 22.8% in the fourth quarter. Eaton Vance Management now owns 997,985 shares of the company’s stock valued at $87,733,000 after buying an additional 185,209 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Philip Morris International by 11.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,821,000 shares of the company’s stock valued at $160,084,000 after buying an additional 180,000 shares in the last quarter. Finally, Ashburton Jersey Ltd acquired a new position in shares of Philip Morris International during the fourth quarter valued at $15,025,000.

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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