Traders sold shares of Philip Morris International Inc. (NYSE:PM) on strength during trading on Tuesday. $56.82 million flowed into the stock on the tick-up and $74.65 million flowed out of the stock on the tick-down, for a money net flow of $17.83 million out of the stock. Of all companies tracked, Philip Morris International had the 0th highest net out-flow for the day. Philip Morris International traded up $0.86 for the day and closed at $99.47

Several research firms have weighed in on PM. Zacks Investment Research raised Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Vetr raised Philip Morris International from a “hold” rating to a “buy” rating and set a $104.15 price objective on the stock in a research report on Tuesday, April 19th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and lifted their price objective for the company from $77.00 to $99.00 in a research report on Thursday, April 21st. JPMorgan Chase & Co. raised Philip Morris International from a “neutral” rating to an “overweight” rating and set a $112.00 price objective on the stock in a research report on Friday, June 17th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $105.00 price objective (up from $99.00) on shares of Philip Morris International in a research report on Friday, July 15th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Philip Morris International presently has a consensus rating of “Buy” and an average target price of $103.68.

The company has a market capitalization of $154.31 billion and a price-to-earnings ratio of 23.80. The firm’s 50 day moving average price is $100.35 and its 200 day moving average price is $98.01.

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 Zacks’ consensus estimate of $1.20 by $0.05. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. Equities research analysts predict that Philip Morris International Inc. will post $4.49 earnings per share for the current year.

Several institutional investors recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. raised its position in shares of Philip Morris International by 10.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 512,641 shares of the company’s stock worth $45,066,000 after buying an additional 48,670 shares during the period. Tredje AP fonden increased its position in Philip Morris International by 1.4% in the fourth quarter. Tredje AP fonden now owns 101,471 shares of the company’s stock worth $9,024,000 after buying an additional 1,365 shares in the last quarter. Twin Capital Management Inc. increased its position in Philip Morris International by 7.0% in the fourth quarter. Twin Capital Management Inc. now owns 86,740 shares of the company’s stock worth $7,625,000 after buying an additional 5,690 shares in the last quarter. USA Financial Portformulas Corp acquired a new position in Philip Morris International during the fourth quarter worth about $5,220,000. Finally, Sawtooth Asset Management Inc. increased its position in Philip Morris International by 1,009.5% in the fourth quarter. Sawtooth Asset Management Inc. now owns 68,910 shares of the company’s stock worth $6,058,000 after buying an additional 62,699 shares in 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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