Investors purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Thursday. $55.49 million flowed into the stock on the tick-up and $31.59 million flowed out of the stock on the tick-down, for a money net flow of $23.90 million into the stock. Of all equities tracked, Philip Morris International had the 6th highest net in-flow for the day. Philip Morris International traded down ($0.29) for the day and closed at $99.84

A number of research firms recently issued reports on PM. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $105.00 price target (up previously from $99.00) on shares of Philip Morris International in a research note 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 target on the stock. in a research note on Wednesday, May 11th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Monday, May 16th. JPMorgan Chase & Co. raised shares of Philip Morris International from a “neutral” rating to an “overweight” rating and set a $112.00 price target on the stock in a research note on Friday, June 17th. Finally, SBG Securities raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Philip Morris International presently has a consensus rating of “Buy” and an average target price of $103.68.

The company has a market cap of $154.88 billion and a price-to-earnings ratio of 23.89. The company has a 50-day moving average of $100.24 and a 200-day moving average of $98.42.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 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 analyst estimates of $6.77 billion. During the same period in the previous year, the business earned $1.21 EPS. Equities research analysts expect that Philip Morris International Inc. will post $4.49 earnings per share for the current year.

Several large investors recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Philip Morris International by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 4,344,303 shares of the company’s stock valued at $381,908,000 after buying an additional 138,235 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Philip Morris International by 17.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 371,135 shares of the company’s stock worth $32,626,000 after buying an additional 56,075 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Philip Morris International by 35.2% in the fourth quarter. King Luther Capital Management Corp now owns 15,260 shares of the company’s stock worth $1,342,000 after buying an additional 3,970 shares in the last quarter. St. Louis Trust Co acquired a new position in shares of Philip Morris International during the fourth quarter worth $1,170,000. Finally, Bernzott Capital Advisors raised its position in shares of Philip Morris International by 0.4% in the fourth quarter. Bernzott Capital Advisors now owns 24,330 shares of the company’s stock worth $2,139,000 after buying an additional 100 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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