Philip Morris International Inc (NYSE:PM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also issued reports on PM. TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research report on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $118.00 target price on shares of Philip Morris International in a research report on Sunday, April 23rd. Vetr upgraded shares of Philip Morris International from a “strong sell” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $133.00 target price (down previously from $134.00) on shares of Philip Morris International in a research report on Saturday, July 22nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $122.00.

Shares of Philip Morris International (NYSE:PM) opened at 114.88 on Friday. The firm’s 50-day moving average price is $117.56 and its 200-day moving average price is $112.93. Philip Morris International has a 12-month low of $86.78 and a 12-month high of $123.55. The firm has a market capitalization of $178.43 billion, a P/E ratio of 25.46 and a beta of 0.93.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate 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 revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 earnings per share. Equities analysts predict that Philip Morris International will post $4.83 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Philip Morris International by 2.7% in the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock valued at $13,092,759,000 after buying an additional 2,972,929 shares in the last quarter. BlackRock Inc. raised its stake in Philip Morris International by 2.7% in the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock valued at $10,781,538,000 after buying an additional 2,421,533 shares in the last quarter. FMR LLC raised its stake in Philip Morris International by 12.5% in the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock valued at $2,456,960,000 after buying an additional 2,330,864 shares in the last quarter. Alliancebernstein L.P. raised its stake in Philip Morris International by 57.8% in the second quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock valued at $685,999,000 after buying an additional 2,139,002 shares in the last quarter. Finally, Amerigo Asset Management purchased a new stake in Philip Morris International during the second quarter valued at about $209,061,000. Institutional investors and hedge funds own 72.45% of the company’s stock.

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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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