Investors bought 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

Several equities research analysts recently issued reports on PM shares. Zacks Investment Research cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Goldman Sachs Group Inc. restated 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. 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 research report on Wednesday, May 11th. JPMorgan Chase & Co. upgraded shares of Philip Morris International from a “neutral” rating to an “overweight” rating and set a $112.00 price objective for the company in a research report on Friday, June 17th. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of Philip Morris International in a research report on Tuesday, July 19th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $103.68.

The stock has a 50-day moving average price of $100.16 and a 200 day moving average price of $98.49. The stock has a market capitalization of $153.74 billion and a P/E ratio of 23.71.

Philip Morris International (NYSE:PM) last announced its 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 company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.77 billion. During the same period last year, the firm earned $1.21 earnings per share. Analysts forecast that Philip Morris International Inc. will post $4.49 EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Cibc World Markets Corp bought a new position in Philip Morris International during the fourth quarter worth approximately $64,712,000. Eaton Vance Management increased its position in Philip Morris International by 22.8% in the fourth quarter. Eaton Vance Management now owns 997,985 shares of the company’s stock worth $87,733,000 after buying an additional 185,209 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in 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 worth $160,084,000 after buying an additional 180,000 shares in the last quarter. Ashburton Jersey Ltd bought a new position in Philip Morris International during the fourth quarter worth approximately $15,025,000. Finally, I.G. Investment Management LTD. increased its position in Philip Morris International by 10.8% in the fourth quarter. I.G. Investment Management LTD. now owns 1,486,862 shares of the company’s stock worth $130,710,000 after buying an additional 144,385 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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