Philip Morris International Inc. (NYSE:PM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Philip Morris International Inc. (NYSE:PMGet Free Report) has earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $109.27.

A number of equities analysts have recently commented on PM shares. UBS Group cut their target price on shares of Philip Morris International from $116.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday, October 5th. Barclays lowered their price target on Philip Morris International from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, September 21st. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, November 29th. Morgan Stanley lowered their target price on Philip Morris International from $118.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $114.00 price target on shares of Philip Morris International in a research note on Monday, October 2nd.

Check Out Our Latest Analysis on PM

Insider Buying and Selling at Philip Morris International

In related news, insider Wilde Frederic De sold 10,000 shares of Philip Morris International stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $94.25, for a total transaction of $942,500.00. Following the completion of the transaction, the insider now directly owns 198,447 shares of the company’s stock, valued at $18,703,629.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Philip Morris International

Several large investors have recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC boosted its position in shares of Philip Morris International by 10.4% in the second quarter. Cetera Advisor Networks LLC now owns 213,136 shares of the company’s stock worth $20,806,000 after acquiring an additional 20,104 shares during the last quarter. Aspen Grove Capital LLC boosted its holdings in shares of Philip Morris International by 13.0% in the 2nd quarter. Aspen Grove Capital LLC now owns 4,756 shares of the company’s stock valued at $470,000 after purchasing an additional 547 shares during the last quarter. Berger Financial Group Inc grew its stake in shares of Philip Morris International by 3.0% during the 2nd quarter. Berger Financial Group Inc now owns 3,902 shares of the company’s stock valued at $381,000 after buying an additional 113 shares during the period. Green Square Capital Advisors LLC purchased a new position in shares of Philip Morris International in the 2nd quarter worth $232,000. Finally, Cetera Investment Advisers boosted its holdings in Philip Morris International by 1.5% in the second quarter. Cetera Investment Advisers now owns 120,894 shares of the company’s stock valued at $11,802,000 after acquiring an additional 1,764 shares during the last quarter. 79.70% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM opened at $93.71 on Friday. Philip Morris International has a 1-year low of $87.23 and a 1-year high of $105.62. The stock has a market cap of $145.48 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. The firm has a fifty day moving average price of $93.44 and a 200 day moving average price of $94.30.

Philip Morris International (NYSE:PMGet Free Report) last posted its earnings results on Thursday, October 19th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.21 billion. Philip Morris International had a negative return on equity of 129.48% and a net margin of 9.62%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. As a group, equities analysts expect that Philip Morris International will post 6.08 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s dividend payout ratio is currently 100.97%.

About Philip Morris International

(Get Free Report

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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