Philip Morris International (NYSE:PM) had its price objective dropped by investment analysts at Citigroup from $117.00 to $114.00 in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 9.09% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on PM. Piper Jaffray Companies reiterated an “overweight” rating and set a $137.00 target price (up previously from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Jefferies Group restated a “hold” rating and issued a $120.00 price objective on shares of Philip Morris International in a research report on Thursday, September 28th. Cowen restated a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Goldman Sachs Group started coverage on shares of Philip Morris International in a research report on Monday, October 2nd. They issued a “buy” rating for the company. Finally, Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Philip Morris International has a consensus rating of “Hold” and an average price target of $124.54.
Shares of Philip Morris International (NYSE PM) traded down $0.36 during trading on Tuesday, hitting $104.50. 5,513,800 shares of the company were exchanged, compared to its average volume of 4,410,878. The firm has a market cap of $162,310.00, a PE ratio of 23.07, a P/E/G ratio of 1.89 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. Philip Morris International has a 1-year low of $89.97 and a 1-year high of $123.55.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.
Several large investors have recently modified their holdings of the company. Acropolis Investment Management LLC grew its position in shares of Philip Morris International by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after buying an additional 5 shares during the period. Novare Capital Management LLC grew its position in shares of Philip Morris International by 0.3% during the 2nd quarter. Novare Capital Management LLC now owns 1,842 shares of the company’s stock worth $216,000 after buying an additional 5 shares during the period. Hudock Capital Group LLC boosted its stake in Philip Morris International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after acquiring an additional 8 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Philip Morris International by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock worth $396,000 after acquiring an additional 10 shares during the last quarter. Finally, Vantage Investment Advisors LLC boosted its stake in Philip Morris International by 1.0% during the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 72.35% of the company’s stock.
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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.
