Philip Morris International (NYSE:PM) Rating Lowered to “Hold” at Wall Street Zen

Philip Morris International (NYSE:PM) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research report on Tuesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Stock Performance

PM opened at $162.61 on Friday. The company has a fifty day moving average of $155.63 and a two-hundred day moving average of $162.01. The stock has a market capitalization of $253.13 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.75 and a beta of 0.40. Philip Morris International has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $8.12 billion for the quarter. On average, equities research analysts forecast that Philip Morris International will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the period. Modern Wealth Management LLC grew its holdings in shares of Philip Morris International by 4.5% during the 1st quarter. Modern Wealth Management LLC now owns 17,656 shares of the company’s stock worth $2,802,000 after purchasing an additional 757 shares during the period. Private Client Services LLC increased its position in shares of Philip Morris International by 33.8% during the 2nd quarter. Private Client Services LLC now owns 3,821 shares of the company’s stock worth $696,000 after purchasing an additional 965 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in Philip Morris International in the 2nd quarter valued at about $463,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.