Jefferies Group Analysts Give Philip Morris International Inc. (PM) a $99.00 Price Target
PM has been the topic of a number of other research reports. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a $116.00 price target (up previously from $114.00) on shares of Philip Morris International in a report on Monday, October 3rd. Wells Fargo & Co. reissued an outperform rating and set a $115.00 target price on shares of Philip Morris International in a report on Thursday, September 22nd. Zacks Investment Research raised shares of Philip Morris International from a sell rating to a hold rating in a report on Wednesday, July 20th. Vetr raised shares of Philip Morris International from a hold rating to a buy rating and set a $110.00 target price on the stock in a report on Tuesday, September 13th. Finally, SBG Securities raised shares of Philip Morris International from a sell rating to a hold rating in a report on Wednesday, July 20th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $104.82.
Shares of Philip Morris International (NYSE:PM) traded up 0.40% on Wednesday, hitting $96.40. The stock had a trading volume of 506,586 shares. The firm has a 50-day moving average of $99.37 and a 200 day moving average of $99.71. Philip Morris International has a 1-year low of $83.27 and a 1-year high of $104.20. The company has a market capitalization of $149.55 billion, a PE ratio of 23.06 and a beta of 0.95.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by $0.05. The company earned $6.65 billion during the quarter, compared to the consensus estimate of $6.77 billion. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. During the same period last year, the firm posted $1.21 EPS. On average, equities analysts anticipate that Philip Morris International will post $4.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Wednesday, September 28th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Monday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.02. This represents a $4.16 annualized dividend and a yield of 4.33%. Philip Morris International’s payout ratio is currently 99.52%.
Hedge funds have recently bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company’s stock valued at $101,000 after buying an additional 700 shares in the last quarter. Glassman Wealth Services increased its position in shares of Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock valued at $102,000 after buying an additional 4 shares during the period. Acropolis Investment Management LLC increased its position in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock valued at $107,000 after buying an additional 5 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Philip Morris International during the second quarter valued at approximately $113,000. Finally, Liberty Capital Management Inc. purchased a new position in shares of Philip Morris International during the third quarter valued at approximately $116,000. 71.22% of the stock is owned by institutional investors and hedge funds.
Philip Morris International Company Profile
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.
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.