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.
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.
TRADEMARK VIOLATION WARNING: “Philip Morris International (PM) Price Target Cut to $100.00 by Analysts at Stifel Nicolaus” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/21/philip-morris-international-pm-price-target-cut-to-100-00-by-analysts-at-stifel-nicolaus.html.
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.
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.