Philip Morris International (NYSE:PM) PT Raised to $115.00

Philip Morris International (NYSE:PM) had its price target boosted by Stifel Nicolaus from $108.00 to $115.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Argus restated a hold rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group lowered shares of Philip Morris International from a buy rating to a sell rating and dropped their price objective for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Societe Generale raised shares of Philip Morris International from a sell rating to a hold rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International has an average rating of Hold and an average target price of $105.50.

Philip Morris International Trading Down 1.2 %

NYSE:PM opened at $94.97 on Wednesday. The stock has a market capitalization of $147.64 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.09 and a beta of 0.61. The firm has a fifty day simple moving average of $91.90 and a two-hundred day simple moving average of $92.20. Philip Morris International has a 12 month low of $87.23 and a 12 month high of $100.79.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.38 earnings per share. Equities analysts predict that Philip Morris International will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s payout ratio is currently 101.56%.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock valued at $3,339,528 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Philip Morris International

A number of large investors have recently added to or reduced their stakes in PM. Capital Research Global Investors increased its holdings in Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after buying an additional 4,869,272 shares during the last quarter. Invesco Ltd. increased its stake in shares of Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after purchasing an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after purchasing an additional 3,121,732 shares in the last quarter. Lone Pine Capital LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth about $282,785,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Philip Morris International by 25.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after purchasing an additional 2,123,311 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.