Philip Morris International Inc (PM) Given Average Rating of “Buy” by Analysts

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.

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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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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