Philip Morris International Inc. (NYSE:PM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Philip Morris International Inc. (NYSE:PMGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $105.50.

Several research firms have weighed in on PM. Stifel Nicolaus increased their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th.

Read Our Latest Stock Report on PM

Insider Activity at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

Institutional Trading of Philip Morris International

Institutional investors and hedge funds have recently bought and sold shares of the business. Keynote Financial Services LLC bought a new position in Philip Morris International during the 1st quarter worth $625,000. EverSource Wealth Advisors LLC increased its holdings in Philip Morris International by 7.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock valued at $523,000 after buying an additional 390 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Philip Morris International by 8.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,359,228 shares of the company’s stock worth $218,147,000 after acquiring an additional 190,421 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in Philip Morris International in the first quarter valued at approximately $2,303,000. Finally, Alexander Labrunerie & CO. Inc. acquired a new stake in shares of Philip Morris International in the 1st quarter valued at $283,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.1 %

Shares of NYSE PM opened at $102.05 on Tuesday. Philip Morris International has a 12-month low of $87.23 and a 12-month high of $104.90. The company has a market cap of $158.64 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57. The firm’s 50-day simple moving average is $98.09 and its 200 day simple moving average is $94.39.

Philip Morris International (NYSE:PMGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm 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 8.58% and a negative return on equity of 113.26%. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 EPS. On average, equities analysts expect that Philip Morris International will post 6.32 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.10%. Philip Morris International’s payout ratio is presently 101.56%.

Philip Morris International Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.