Traders purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours on Wednesday. $101.23 million flowed into the stock on the tick-up and $46.11 million flowed out of the stock on the tick-down, for a money net flow of $55.12 million into the stock. Of all equities tracked, Philip Morris International had the 19th highest net in-flow for the day. Philip Morris International traded down ($0.04) for the day and closed at $99.93

Several equities analysts recently commented on the company. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Vetr lowered Philip Morris International from a “buy” rating to a “hold” rating and set a $102.86 price target for the company. in a research note on Thursday, May 5th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Philip Morris International in a research note on Tuesday, July 19th. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research note on Friday, May 6th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $105.00 price target (up previously from $99.00) on shares of Philip Morris International in a research note on Friday, July 15th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $103.68.

The firm has a market capitalization of $155.02 billion and a price-to-earnings ratio of 23.91. The company’s 50-day moving average price is $99.91 and its 200-day moving average price is $98.79.

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 Zacks’ consensus estimate of $1.20 by $0.05. The business earned $6.65 billion during the quarter, compared to analyst estimates of $6.77 billion. During the same period in the previous year, the firm earned $1.21 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post $4.49 earnings per share for the current fiscal year.

Other large investors have modified their holdings of the company. King Luther Capital Management Corp raised its stake 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 during the last quarter. St. Louis Trust Co acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $1,170,000. Bernzott Capital Advisors raised its stake 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 during the last quarter. CORDA Investment Management LLC. raised its stake in shares of Philip Morris International by 3.5% in the fourth quarter. CORDA Investment Management LLC. now owns 35,314 shares of the company’s stock worth $3,104,000 after buying an additional 1,200 shares during the last quarter. Finally, Nicholas Co. Inc. WI raised its stake in shares of Philip Morris International by 3.0% in the fourth quarter. Nicholas Co. Inc. WI now owns 1,207,605 shares of the company’s stock worth $106,160,000 after buying an additional 35,000 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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