Analysts Set Philip Morris International Inc. (NYSE:PM) PT at $163.00

Shares of Philip Morris International Inc. (NYSE:PM) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $166.33.

Several equities analysts recently commented on PM shares. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Finally, Barclays lifted their target price on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd.

Insider Transactions at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Philip Morris International

Institutional investors have recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after acquiring an additional 60 shares in the last quarter. TBH Global Asset Management LLC raised its stake in Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock worth $1,100,000 after acquiring an additional 61 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its position in Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company’s stock worth $477,000 after acquiring an additional 63 shares during the period. Lloyd Advisory Services LLC. grew its stake in Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after purchasing an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC raised its stake in shares of Philip Morris International by 1.5% in the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company’s stock worth $706,000 after purchasing an additional 64 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE PM opened at $174.09 on Friday. Philip Morris International has a 1-year low of $97.18 and a 1-year high of $174.21. The business’s 50 day moving average is $157.95 and its two-hundred day moving average is $140.18. The stock has a market capitalization of $270.98 billion, a P/E ratio of 38.60, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. As a group, equities research analysts anticipate that Philip Morris International will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.