Shares of Philip Morris International Inc. (NYSE:PM) have received a consensus rating of “Buy” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $122.73.
A number of research analysts recently issued reports on PM shares. Zacks Investment Research cut shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies restated an “overweight” rating and set a $137.00 price objective (up previously from $130.00) on shares of Philip Morris International in a report on Thursday, January 11th. Wells Fargo & Co restated an “outperform” rating and set a $140.00 price objective on shares of Philip Morris International in a report on Tuesday, October 10th. Citigroup decreased their price objective on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Finally, Jefferies Group upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a report on Friday, January 19th.
Several institutional investors have recently added to or reduced their stakes in the company. Guidant Wealth Advisors boosted its holdings in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after purchasing an additional 191 shares during the last quarter. NewSquare Capital LLC boosted its holdings in Philip Morris International by 6,572.3% during the third quarter. NewSquare Capital LLC now owns 101,753 shares of the company’s stock worth $116,000 after purchasing an additional 100,228 shares during the last quarter. Vantage Investment Advisors LLC boosted its holdings in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after purchasing an additional 10 shares during the last quarter. Cerebellum GP LLC acquired a new position in Philip Morris International during the fourth quarter worth $128,000. Finally, Financial Engines Advisors L.L.C. boosted its holdings in Philip Morris International by 399.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after purchasing an additional 962 shares during the last quarter. Institutional investors own 72.35% of the company’s stock.
Philip Morris International (PM) traded down $0.43 on Friday, hitting $108.18. 1,773,339 shares of the company were exchanged, compared to its average volume of 4,791,579. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. The company has a market capitalization of $171,147.42, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. Philip Morris International has a twelve month low of $95.20 and a twelve month high of $123.55.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 21st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.
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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.
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