Wells Fargo & Co. restated their outperform rating on shares of Philip Morris International Inc. (NYSE:PM) in a research report report published on Thursday morning.

Analyst Recommendations for Philip Morris International (NYSE:PM)

PM has been the subject of several other reports. Zacks Investment Research raised shares of Philip Morris International from a sell rating to a hold rating in a research note on Wednesday, July 20th. Vetr raised shares of Philip Morris International from a hold rating to a buy rating and set a $104.50 price target for the company in a research note on Monday, May 23rd. SBG Securities raised shares of Philip Morris International from a sell rating to a hold rating in a research note on Wednesday, July 20th. Goldman Sachs Group Inc. raised shares of Philip Morris International from a neutral rating to a buy rating and increased their price target for the stock from $106.00 to $114.00 in a research note on Monday, September 12th. Finally, JPMorgan Chase & Co. raised shares of Philip Morris International from a neutral rating to an overweight rating and set a $112.00 price target for the company in a research note on Friday, June 17th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $104.73.

Philip Morris International (NYSE:PM) opened at 98.82 on Thursday. The firm’s 50 day moving average is $99.74 and its 200 day moving average is $99.57. Philip Morris International has a 52-week low of $78.03 and a 52-week high of $104.20. The company has a market cap of $153.30 billion, a PE ratio of 23.64 and a beta of 0.97.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by $0.05. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.77 billion. Philip Morris International had a net margin of 8.84% and a negative return on equity of 57.28%. During the same period last year, the company posted $1.21 earnings per share. Analysts forecast that Philip Morris International will post $4.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, September 28th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 4.21%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Monday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 97.61%.

Several hedge funds have recently made changes to their positions in PM. Macquarie Group Ltd. increased its stake in shares of Philip Morris International by 1.0% in the second quarter. Macquarie Group Ltd. now owns 632,605 shares of the company’s stock worth $64,348,000 after buying an additional 6,572 shares in the last quarter. Williams Jones & Associates LLC increased its stake in shares of Philip Morris International by 17.5% in the second quarter. Williams Jones & Associates LLC now owns 25,756 shares of the company’s stock worth $2,620,000 after buying an additional 3,831 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Philip Morris International during the second quarter worth about $6,371,000. Kentucky Retirement Systems bought a new stake in shares of Philip Morris International during the second quarter worth about $13,418,000. Finally, Mason Street Advisors LLC bought a new stake in shares of Philip Morris International during the second quarter worth about $21,254,000. Hedge funds and other institutional investors own 71.61% of the company’s stock.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

Receive News & Ratings for Philip Morris International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.