Philip Morris International (PM) Upgraded at Societe Generale

Societe Generale upgraded shares of Philip Morris International (NYSE:PM) from a hold rating to a buy rating in a research report released on Tuesday, May 7th, The Fly reports.

A number of other research analysts also recently issued reports on PM. Zacks Investment Research downgraded Philip Morris International from a buy rating to a hold rating in a report on Friday, March 29th. ValuEngine downgraded Philip Morris International from a hold rating to a sell rating in a report on Tuesday, April 9th. Piper Jaffray Companies set a $100.00 price target on Philip Morris International and gave the company a buy rating in a report on Friday, February 8th. Morgan Stanley cut their price target on Philip Morris International from $102.00 to $80.00 and set an overweight rating on the stock in a report on Tuesday, January 8th. Finally, UBS Group upgraded Philip Morris International from a neutral rating to a buy rating and lifted their price target for the company from $86.00 to $101.00 in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Philip Morris International presently has a consensus rating of Hold and an average target price of $92.57.

PM traded down $2.47 during trading on Tuesday, hitting $77.13. 5,141,971 shares of the stock were exchanged, compared to its average volume of 5,491,748. The company has a market capitalization of $126.24 billion, a P/E ratio of 15.12, a PEG ratio of 1.91 and a beta of 0.93. Philip Morris International has a 1 year low of $64.67 and a 1 year high of $92.74.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.99 by $0.10. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. Equities analysts anticipate that Philip Morris International will post 5.19 EPS for the current year.

In other Philip Morris International news, VP Michael R. Kunst bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $79.66 per share, for a total transaction of $79,660.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Louis C. Camilleri sold 70,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $83.54, for a total value of $5,847,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 4,000 shares of company stock worth $331,705. 0.21% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Montag A & Associates Inc. increased its stake in shares of Philip Morris International by 0.6% in the 1st quarter. Montag A & Associates Inc. now owns 18,782 shares of the company’s stock valued at $1,660,000 after purchasing an additional 120 shares in the last quarter. NBT Bank N A NY increased its stake in shares of Philip Morris International by 0.3% in the 1st quarter. NBT Bank N A NY now owns 41,531 shares of the company’s stock valued at $3,671,000 after purchasing an additional 120 shares in the last quarter. 9258 Wealth Management LLC increased its stake in shares of Philip Morris International by 3.4% in the 1st quarter. 9258 Wealth Management LLC now owns 3,708 shares of the company’s stock valued at $328,000 after purchasing an additional 122 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of Philip Morris International by 3.7% in the 1st quarter. Evergreen Capital Management LLC now owns 3,466 shares of the company’s stock valued at $306,000 after purchasing an additional 124 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A increased its stake in shares of Philip Morris International by 0.8% in the 1st quarter. OLD Point Trust & Financial Services N A now owns 15,397 shares of the company’s stock valued at $1,361,000 after purchasing an additional 125 shares in the last quarter. 73.55% of the stock is owned by institutional investors.

Philip Morris International Company Profile

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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