Philip Morris International Inc. (NYSE:PM)’s share price gapped up before the market opened on Friday . The stock had previously closed at $100.42, but opened at $100.62. Philip Morris International shares last traded at $101.65, with a volume of 1,952,305 shares traded.

Several equities research analysts recently commented on the stock. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $105.00 price objective (up from $99.00) on shares of Philip Morris International in a research report on Friday, July 15th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Friday, May 6th. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $98.82 target price on the stock. in a 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 target price on the stock in a report on Friday, June 17th. Finally, Wells Fargo & Co. restated an “outperform” rating on shares of Philip Morris International in a report on Tuesday, July 19th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $103.68.

The stock has a market capitalization of $157.88 billion and a P/E ratio of 24.35. The stock’s 50 day moving average is $99.79 and its 200 day moving average is $98.82.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.20 by $0.05. The company earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. On average, analysts forecast that Philip Morris International Inc. will post $4.49 EPS for the current fiscal year.

Other institutional investors recently modified their holdings of the company. 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. 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. Stephens Inc. AR raised its stake in shares of Philip Morris International by 5.3% in the fourth quarter. Stephens Inc. AR now owns 131,145 shares of the company’s stock worth $11,529,000 after buying an additional 6,600 shares during the last quarter. Finally, St. Louis Trust Co acquired a new stake in shares of Philip Morris International during the fourth quarter worth approximately $1,170,000.

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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