Shares of Philip Morris International Inc. (NYSE:PM) have been given an average rating of “Buy” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $91.90.
PM has been the topic of several recent research reports. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Cowen reiterated a “hold” rating on shares of Philip Morris International in a research report on Thursday, September 12th. Stifel Nicolaus reiterated a “buy” rating on shares of Philip Morris International in a research report on Tuesday, October 15th. Morgan Stanley decreased their target price on shares of Philip Morris International from $94.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Citigroup decreased their target price on shares of Philip Morris International from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, October 14th.
Large investors have recently added to or reduced their stakes in the business. Titan Capital Management LLC CA acquired a new position in Philip Morris International in the second quarter valued at about $30,000. Strategic Blueprint LLC acquired a new position in Philip Morris International in the third quarter valued at about $30,000. River & Mercantile Asset Management LLP acquired a new position in Philip Morris International in the second quarter valued at about $32,000. Manchester Financial Inc. acquired a new position in shares of Philip Morris International during the second quarter worth approximately $36,000. Finally, Brand Asset Management Group Inc. lifted its position in shares of Philip Morris International by 34.9% during the second quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock worth $37,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.
Shares of Philip Morris International stock traded up $1.32 during trading on Friday, hitting $83.57. 5,287,597 shares of the company’s stock traded hands, compared to its average volume of 5,853,548. The firm’s fifty day moving average price is $78.57 and its 200 day moving average price is $80.34. Philip Morris International has a twelve month low of $64.67 and a twelve month high of $92.74. The company has a market cap of $131.00 billion, a PE ratio of 16.39, a PEG ratio of 2.05 and a beta of 1.00.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 17th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. Philip Morris International had a net margin of 9.59% and a negative return on equity of 82.33%. The business had revenue of $7.64 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the business earned $1.44 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, research analysts predict that Philip Morris International will post 5.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Wednesday, September 25th were given a $1.17 dividend. The ex-dividend date was Tuesday, September 24th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.14. This represents a $4.68 dividend on an annualized basis and a yield of 5.60%. Philip Morris International’s payout ratio is 91.76%.
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.
Further Reading: Basic Economics
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