Traders bought shares of Philip Morris International Inc. (NYSE:PM) on weakness during trading hours 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 stocks 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

A number of research firms have commented on PM. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Wells Fargo & Co. restated an “outperform” rating on shares of Philip Morris International in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $105.00 price target (up from $99.00) on shares of Philip Morris International in a research note on Friday, July 15th. Finally, Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 price target on the stock in a research note on Monday, June 20th. 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 of $99.79 and a 200 day moving average of $98.82. The stock has a market cap of $157.88 billion and a P/E ratio of 24.35.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by $0.05. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the previous year, the company earned $1.21 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post $4.49 EPS for the current year.

Other hedge funds recently made changes to their positions in the company. St. Louis Trust Co bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $1,170,000. Bernzott Capital Advisors boosted 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. boosted 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. Jennison Associates LLC boosted its stake in shares of Philip Morris International by 4.1% in the fourth quarter. Jennison Associates LLC now owns 1,131,124 shares of the company’s stock valued at $99,437,000 after buying an additional 45,064 shares in the last quarter. Finally, King Luther Capital Management Corp boosted 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.

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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