Investors purchased shares of Philip Morris International Inc (NYSE:PM) on weakness during trading hours on Tuesday. $95.80 million flowed into the stock on the tick-up and $50.39 million flowed out of the stock on the tick-down, for a money net flow of $45.41 million into the stock. Of all equities tracked, Philip Morris International had the 16th highest net in-flow for the day. Philip Morris International traded down ($0.16) for the day and closed at $117.67

A number of equities research analysts have weighed in on PM shares. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $108.70 price objective on the stock. in a report on Monday, May 15th. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a report on Thursday, July 20th. BidaskClub cut shares of Philip Morris International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $133.00 price objective (down previously from $134.00) on shares of Philip Morris International in a report on Saturday, July 22nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $122.79.

The stock has a market cap of $183.26 billion, a PE ratio of 26.14 and a beta of 0.94. The stock has a 50-day moving average of $116.60 and a 200 day moving average of $115.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. Analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current year.

In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in PM. Visionary Asset Management Inc. increased its stake in shares of Philip Morris International by 2.2% in the first quarter. Visionary Asset Management Inc. now owns 31,753 shares of the company’s stock worth $3,585,000 after purchasing an additional 676 shares in the last quarter. BKD Wealth Advisors LLC increased its stake in shares of Philip Morris International by 7.1% in the first quarter. BKD Wealth Advisors LLC now owns 9,100 shares of the company’s stock worth $1,027,000 after purchasing an additional 600 shares in the last quarter. American National Bank increased its stake in shares of Philip Morris International by 19.8% in the first quarter. American National Bank now owns 1,737 shares of the company’s stock worth $196,000 after purchasing an additional 287 shares in the last quarter. Atria Investments LLC increased its stake in shares of Philip Morris International by 13.9% in the first quarter. Atria Investments LLC now owns 42,352 shares of the company’s stock worth $4,782,000 after purchasing an additional 5,171 shares in the last quarter. Finally, Integrated Wealth Management increased its stake in shares of Philip Morris International by 0.4% in the first quarter. Integrated Wealth Management now owns 76,432 shares of the company’s stock worth $8,629,000 after purchasing an additional 342 shares in the last quarter. 72.02% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/09/07/investors-buy-shares-of-philip-morris-international-inc-pm-on-weakness-9.html.

About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.