Traders purchased shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading on Thursday. $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 20th highest net in-flow for the day. Philip Morris International traded down ($0.04) for the day and closed at $99.93

PM has been the subject of several analyst reports. Vetr lowered Philip Morris International from a “buy” rating to a “hold” rating and set a $102.86 target price for the company. in a research note on Thursday, May 5th. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research note on Friday, May 6th. JPMorgan Chase & Co. upgraded Philip Morris International from a “neutral” rating to an “overweight” rating and set a $112.00 target price for the company in a research note on Friday, June 17th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $105.00 target price (up from $99.00) on shares of Philip Morris International in a research note on Friday, July 15th. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Philip Morris International in a research note on Tuesday, July 19th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $103.68.

The company’s 50-day moving average price is $99.83 and its 200 day moving average price is $98.80. The firm has a market capitalization of $156.09 billion and a PE ratio of 24.07.

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

Several hedge funds have recently made changes to their positions in the company. St. Louis Trust Co purchased a new stake in shares of Philip Morris International during the fourth quarter valued at about $1,170,000. 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 valued at $1,342,000 after buying an additional 3,970 shares in the last quarter. 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 valued at $2,139,000 after buying an additional 100 shares in 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 valued at $3,104,000 after buying an additional 1,200 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its stake in shares of Philip Morris International by 37.6% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 78,443 shares of the company’s stock valued at $6,897,000 after buying an additional 21,449 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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