Philip Morris International Inc (NYSE:PM) has been assigned an average rating of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $122.18.
PM has been the subject of a number of recent analyst reports. Vetr upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 price objective for the company in a research report on Wednesday, April 26th. Jefferies Group LLC set a $111.00 price objective on Philip Morris International and gave the company a “hold” rating in a research report on Wednesday, April 19th. BidaskClub cut Philip Morris International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $118.00 price target on shares of Philip Morris International in a research report on Sunday, April 23rd.
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Institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Philip Morris International during the fourth quarter worth $106,000. Guidant Wealth Advisors raised its position in Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after buying an additional 191 shares during the period. Gradient Investments LLC raised its position in Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the period. Welch Investments LLC bought a new position in Philip Morris International during the first quarter worth $113,000. Finally, American Beacon Advisors Inc. bought a new position in Philip Morris International during the first quarter worth $114,000. 72.45% of the stock is currently owned by institutional investors.
Philip Morris International (PM) traded down 0.89% during midday trading on Friday, reaching $114.83. 1,891,836 shares of the company traded hands. The firm has a 50-day moving average of $118.90 and a 200-day moving average of $112.12. Philip Morris International has a 1-year low of $86.78 and a 1-year high of $123.55. The stock has a market capitalization of $178.35 billion, a P/E ratio of 25.44 and a beta of 0.93.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 earnings per share. On average, analysts predict that Philip Morris International will post $4.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Wednesday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is currently 92.24%.
About Philip Morris International
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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