Philip Morris International Inc (NYSE:PM) had its target price decreased by investment analysts at Jefferies Group LLC from $120.00 to $116.00 in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s target price indicates a potential upside of 1.52% from the company’s previous close.

Several other research analysts have also weighed in on PM. Vetr lowered shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research note on Monday, June 19th. BidaskClub upgraded shares of Philip Morris International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Berenberg Bank set a $96.00 price objective on shares of Philip Morris International and gave the stock a “hold” rating in a research note on Saturday, June 24th. Bank of America Corporation boosted their price objective on shares of Philip Morris International from $123.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, July 11th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Philip Morris International has a consensus rating of “Buy” and a consensus price target of $125.92.

Philip Morris International (NYSE PM) traded up 0.09% during trading on Thursday, reaching $114.36. 552,113 shares of the company’s stock traded hands. The firm has a market cap of $177.62 billion, a PE ratio of 25.34 and a beta of 0.93. Philip Morris International has a 12 month low of $86.78 and a 12 month high of $123.55. The firm has a 50 day moving average price of $114.66 and a 200-day moving average price of $115.77.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.09). The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. On average, analysts forecast that Philip Morris International will post $4.83 earnings per share for the current fiscal year.

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In other news, insider Drago Azinovic sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Large investors have recently modified their holdings of the stock. Suffolk Capital Management LLC bought a new position in Philip Morris International in the 2nd quarter valued at approximately $12,928,000. HighTower Advisors LLC increased its position in Philip Morris International by 1.4% in the 1st quarter. HighTower Advisors LLC now owns 514,313 shares of the company’s stock valued at $58,076,000 after acquiring an additional 7,050 shares during the period. Canada Pension Plan Investment Board increased its position in Philip Morris International by 42.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,091,110 shares of the company’s stock valued at $236,086,000 after acquiring an additional 618,100 shares during the period. Swiss National Bank increased its position in Philip Morris International by 26.2% in the 1st quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after acquiring an additional 1,189,800 shares during the period. Finally, USA Mutuals Advisors Inc. increased its position in Philip Morris International by 2.5% in the 1st quarter. USA Mutuals Advisors Inc. now owns 102,500 shares of the company’s stock valued at $11,572,000 after acquiring an additional 2,500 shares during the period. 72.00% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Company Profile

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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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