Analysts Set Philip Morris International Inc. (PM) PT at $92.15

Philip Morris International Inc. (NYSE:PM) has been given an average rating of “Hold” by the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $91.50.

A number of equities research analysts have recently commented on PM shares. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $110.00 price target (down previously from $111.25) on shares of Philip Morris International in a research report on Friday, December 28th. ValuEngine lowered Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Morgan Stanley dropped their target price on Philip Morris International from $102.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 8th. Jefferies Financial Group reissued a “hold” rating and issued a $80.00 target price on shares of Philip Morris International in a research report on Sunday, February 10th. Finally, Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Thursday, February 14th.

In other Philip Morris International news, insider Mario Masseroli sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $84.32, for a total value of $101,184.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andre Calantzopoulos sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total value of $4,238,000.00. Following the completion of the transaction, the chief executive officer now owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of PM. Essex Investment Management Co. LLC acquired a new position in Philip Morris International in the 4th quarter valued at $27,000. Transamerica Financial Advisors Inc. raised its holdings in shares of Philip Morris International by 552.8% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock worth $32,000 after buying an additional 398 shares in the last quarter. Clean Yield Group acquired a new position in shares of Philip Morris International during the 4th quarter worth $37,000. Claybrook Capital LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth $39,000. Finally, Litman Gregory Asset Management LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth $40,000. Institutional investors own 73.48% of the company’s stock.

NYSE:PM traded down $0.93 during mid-day trading on Monday, hitting $83.52. The company had a trading volume of 1,673,958 shares, compared to its average volume of 4,736,746. Philip Morris International has a fifty-two week low of $64.67 and a fifty-two week high of $92.74. The firm has a market capitalization of $132.10 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.15 and a beta of 0.95.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.10. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. Philip Morris International’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. As a group, sell-side analysts expect that Philip Morris International will post 5.2 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were paid a $1.14 dividend. The ex-dividend date was Monday, March 25th. This represents a $4.56 dividend on an annualized basis and a yield of 5.46%. Philip Morris International’s dividend payout ratio is 89.41%.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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