Shares of Philip Morris International Inc (NYSE:PM) have been given a consensus rating of “Buy” by the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $123.60.
A number of research analysts recently commented on PM shares. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $133.00 price objective (down from $134.00) on shares of Philip Morris International in a research note on Saturday, July 22nd. TheStreet upgraded Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. Finally, Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th.
In other Philip Morris International news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.23% of the company’s stock.
Several institutional investors have recently made changes to their positions in PM. Guidant Wealth Advisors lifted its holdings in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after buying an additional 191 shares during the period. Welch Investments LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at $113,000. American Beacon Advisors Inc. acquired a new stake in shares of Philip Morris International in the first quarter valued at $114,000. Vantage Investment Advisors LLC lifted its holdings in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after buying an additional 10 shares during the period. Finally, Acropolis Investment Management LLC lifted its holdings in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 72.00% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Philip Morris International Inc (PM) Given Average Rating of “Buy” by Analysts” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/28/philip-morris-international-inc-pm-given-average-rating-of-buy-by-analysts.html.
Philip Morris International (PM) traded down 4.626% during midday trading on Thursday, hitting $107.305. The stock had a trading volume of 6,481,904 shares. The company has a 50-day moving average price of $114.38 and a 200-day moving average price of $115.78. The company has a market cap of $166.66 billion, a price-to-earnings ratio of 23.777 and a beta of 0.93. Philip Morris International has a 12-month low of $86.78 and a 12-month high of $123.55.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter last year, the firm posted $1.25 earnings per share. Philip Morris International’s revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Philip Morris International will post $4.84 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.04. Philip Morris International’s payout ratio is 94.90%.
Philip Morris International Company Profile
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.
Receive News & Ratings for Philip Morris International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc and related companies with MarketBeat.com's FREE daily email newsletter.