Philip Morris International Inc (PM) Receives Consensus Rating of “Buy” from Brokerages
Philip Morris International Inc (NYSE:PM) has earned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $120.50.
A number of equities analysts have issued reports on PM shares. Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $111.99 price target on the stock. in a research report on Monday, May 22nd. Cowen and Company reissued an “outperform” rating and set a $120.00 target price on shares of Philip Morris International in a report on Wednesday, April 19th. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a report on Wednesday, March 29th. Bank of America Corporation increased their target price on Philip Morris International from $120.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, May 30th. Finally, Jefferies Group LLC set a $111.00 target price on Philip Morris International and gave the company a “hold” rating in a report on Wednesday, April 19th.
Large investors have recently made changes to their positions in the company. Gradient Investments LLC increased its position in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock valued at $111,000 after buying an additional 426 shares during the period. Welch Investments LLC acquired a new position in shares of Philip Morris International during the first quarter valued at $113,000. American Beacon Advisors Inc. acquired a new position in shares of Philip Morris International during the first quarter valued at $114,000. Acropolis Investment Management LLC acquired a new position in shares of Philip Morris International during the first quarter valued at $117,000. Finally, Gemmer Asset Management LLC increased its position in shares of Philip Morris International by 40.6% in the first quarter. Gemmer Asset Management LLC now owns 1,115 shares of the company’s stock valued at $126,000 after buying an additional 322 shares during the period. 72.32% of the stock is currently owned by institutional investors and hedge funds.
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Philip Morris International (NYSE PM) traded down 0.69% on Tuesday, hitting $117.34. The stock had a trading volume of 2,350,155 shares. The stock has a market cap of $182.25 billion, a P/E ratio of 25.97 and a beta of 0.94. The company’s 50 day moving average is $118.52 and its 200-day moving average is $107.63. Philip Morris International has a 12 month low of $86.78 and a 12 month high of $123.55.
Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, April 20th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. Analysts forecast that Philip Morris International will post $4.90 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Wednesday, June 21st. Philip Morris International’s dividend payout ratio is presently 92.04%.
About Philip Morris International
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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