Philip Morris International (NYSE:PM) Downgraded by StockNews.com

Philip Morris International (NYSE:PMGet Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other analysts also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of Philip Morris International from $102.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, November 2nd. Credit Suisse Group decreased their price target on shares of Philip Morris International to $95.00 in a research report on Thursday, October 27th. Stifel Nicolaus decreased their price target on shares of Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, October 14th. Finally, Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, November 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.50.

Philip Morris International Trading Up 1.0 %

NYSE:PM traded up $0.95 during trading hours on Thursday, hitting $98.11. The stock had a trading volume of 2,979,730 shares, compared to its average volume of 4,071,875. Philip Morris International has a 1-year low of $82.85 and a 1-year high of $112.48. The business has a 50 day simple moving average of $90.27 and a two-hundred day simple moving average of $95.98. The company has a market cap of $152.09 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 4.22 and a beta of 0.69.

Philip Morris International (NYSE:PMGet Rating) last issued its quarterly earnings data on Thursday, October 20th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.13. Philip Morris International had a net margin of 10.73% and a negative return on equity of 118.75%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.30 billion. During the same quarter last year, the company earned $1.58 earnings per share. Philip Morris International’s revenue for the quarter was down 1.1% on a year-over-year basis. Research analysts expect that Philip Morris International will post 5.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Philip Morris International

Large investors have recently added to or reduced their stakes in the company. M Holdings Securities Inc. bought a new position in Philip Morris International during the first quarter worth $1,882,000. Edgemoor Investment Advisors Inc. lifted its stake in Philip Morris International by 14.7% during the first quarter. Edgemoor Investment Advisors Inc. now owns 2,940 shares of the company’s stock worth $276,000 after purchasing an additional 376 shares during the last quarter. Scotia Capital Inc. lifted its stake in Philip Morris International by 3.5% during the first quarter. Scotia Capital Inc. now owns 50,830 shares of the company’s stock worth $4,775,000 after purchasing an additional 1,705 shares during the last quarter. Walker Asset Management LLC lifted its stake in Philip Morris International by 6,105.0% during the second quarter. Walker Asset Management LLC now owns 563,603 shares of the company’s stock worth $57,461,000 after purchasing an additional 554,520 shares during the last quarter. Finally, Country Club Bank GFN bought a new position in Philip Morris International during the first quarter worth $1,134,000. 76.00% of the stock is currently owned by institutional investors.

Philip Morris International Company Profile

(Get Rating)

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 that are sold in markets outside the United States.

Further Reading

Analyst Recommendations for Philip Morris International (NYSE:PM)

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