Analysts Set Philip Morris International Inc. (NYSE:PM) PT at $124.15

Philip Morris International Inc. (NYSE:PM) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $123.95.

A number of research firms recently weighed in on PM. Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Barclays lifted their target price on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, UBS Group cut their price objective on shares of Philip Morris International from $105.00 to $103.00 and set a “sell” rating for the company in a research report on Tuesday.

Insiders Place Their Bets

In related news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the sale, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PM. Diversify Advisory Services LLC acquired a new position in shares of Philip Morris International during the first quarter worth $5,634,000. Axxcess Wealth Management LLC increased its holdings in Philip Morris International by 25.4% in the 1st quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock worth $3,151,000 after purchasing an additional 6,974 shares in the last quarter. Duality Advisers LP raised its position in Philip Morris International by 165.6% in the first quarter. Duality Advisers LP now owns 38,644 shares of the company’s stock valued at $3,541,000 after purchasing an additional 24,093 shares during the last quarter. Farmers Trust Co. boosted its stake in shares of Philip Morris International by 425.3% during the first quarter. Farmers Trust Co. now owns 33,187 shares of the company’s stock valued at $3,041,000 after purchasing an additional 26,869 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in shares of Philip Morris International by 11.5% during the first quarter. New Mexico Educational Retirement Board now owns 90,111 shares of the company’s stock worth $8,465,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.4 %

NYSE PM opened at $120.86 on Monday. The firm has a market capitalization of $187.88 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55. The firm’s fifty day moving average price is $121.19 and its two-hundred day moving average price is $108.10. Philip Morris International has a 1 year low of $87.23 and a 1 year high of $128.22.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. Philip Morris International’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. On average, research analysts anticipate that Philip Morris International will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a $1.35 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Thursday, September 26th. Philip Morris International’s payout ratio is 105.47%.

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.