Philip Morris International Inc. (NYSE:PM) Receives $105.50 Average Price Target from Analysts

Shares of Philip Morris International Inc. (NYSE:PM) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $105.50.

PM has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th.

Philip Morris International Stock Down 1.4 %

Shares of Philip Morris International stock opened at $99.66 on Friday. The firm’s 50 day moving average is $94.63 and its two-hundred day moving average is $93.18. Philip Morris International has a 52 week low of $87.23 and a 52 week high of $101.46. The firm has a market capitalization of $154.93 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.14 and a beta of 0.60.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that Philip Morris International will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.22%. Philip Morris International’s payout ratio is currently 101.56%.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock valued at $3,339,528 over the last quarter. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Philip Morris International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kessler Investment Group LLC purchased a new position in Philip Morris International in the first quarter valued at about $25,000. Headlands Technologies LLC purchased a new stake in shares of Philip Morris International during the 3rd quarter valued at about $27,000. Boyd Watterson Asset Management LLC OH raised its holdings in shares of Philip Morris International by 250.0% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 230 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International in the 4th quarter worth approximately $33,000. Finally, Northwest Financial Advisors acquired a new stake in Philip Morris International in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Company Profile

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 primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.