Philip Morris International (PM) Price Target Cut to $100.00 by Analysts at Stifel Nicolaus

Philip Morris International (NYSE:PM) had its price target trimmed by Stifel Nicolaus from $125.00 to $100.00 in a research note issued to investors on Friday. They currently have a buy rating on the stock.

Several other analysts have also issued reports on the stock. Piper Jaffray restated an overweight rating and set a $137.00 price target (up from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Citigroup cut their price target on shares of Philip Morris International from $117.00 to $114.00 and set a neutral rating for the company in a research report on Tuesday, January 16th. Jefferies Group upgraded shares of Philip Morris International from a hold rating to a buy rating and set a $124.00 price target for the company in a research report on Friday, January 19th. Zacks Investment Research upgraded shares of Philip Morris International from a sell rating to a hold rating in a research report on Tuesday, January 23rd. Finally, Morgan Stanley upped their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the company an overweight rating in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $118.29.

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NYSE:PM traded down $1.37 during midday trading on Friday, hitting $84.27. The company had a trading volume of 17,811,218 shares, compared to its average volume of 6,687,770. Philip Morris International has a 52-week low of $83.50 and a 52-week high of $123.55. The firm has a market capitalization of $133,018.61, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86. The company has a debt-to-equity ratio of -2.82, a quick ratio of 0.80 and a current ratio of 1.16.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. sell-side analysts forecast that Philip Morris International will post 5.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.08%. Philip Morris International’s dividend payout ratio is currently 86.82%.

In other news, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the completion of the sale, the chief executive officer now directly owns 792,765 shares in the company, valued at $82,178,019.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the sale, the insider now owns 189,199 shares of the company’s stock, valued at $19,795,891.37. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PM. South State Corp raised its stake in Philip Morris International by 0.4% in the second quarter. South State Corp now owns 15,076 shares of the company’s stock worth $1,771,000 after buying an additional 57 shares in the last quarter. Capital Wealth Planning LLC raised its stake in Philip Morris International by 70.3% in the second quarter. Capital Wealth Planning LLC now owns 17,140 shares of the company’s stock worth $2,013,000 after buying an additional 7,077 shares in the last quarter. Empirical Finance LLC bought a new position in Philip Morris International in the second quarter worth about $304,000. CWA Asset Management Group LLC raised its stake in Philip Morris International by 9.4% in the second quarter. CWA Asset Management Group LLC now owns 26,629 shares of the company’s stock worth $3,128,000 after buying an additional 2,283 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Philip Morris International by 6.0% in the second quarter. Teachers Advisors LLC now owns 3,803,693 shares of the company’s stock worth $446,744,000 after buying an additional 215,234 shares in the last quarter. 72.18% of the stock is owned by institutional investors.

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Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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