TheStreet upgraded shares of Philip Morris International Inc (NYSE:PM) from a c+ rating to a b- rating in a research report sent to investors on Thursday morning.
Other research analysts have also issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and issued a $118.00 price target on shares of Philip Morris International in a report on Sunday, April 23rd. Zacks Investment Research raised shares of Philip Morris International from a hold rating to a buy rating and set a $126.00 price target for the company in a report on Wednesday, March 29th. BidaskClub lowered shares of Philip Morris International from a strong-buy rating to a buy rating in a report on Tuesday, June 13th. Vetr raised shares of Philip Morris International from a strong sell rating to a buy rating and set a $128.00 price target for the company in a report on Monday, June 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $133.00 price target (down from $134.00) on shares of Philip Morris International in a report on Saturday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $121.46.
Shares of Philip Morris International (NYSE PM) traded down 0.23% during midday trading on Thursday, hitting $119.58. 3,543,571 shares of the stock traded hands. The firm has a 50-day moving average price of $119.65 and a 200 day moving average price of $110.40. Philip Morris International has a one year low of $86.78 and a one year high of $123.55. The stock has a market cap of $185.72 billion, a price-to-earnings ratio of 26.47 and a beta of 0.94.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same period last year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts anticipate that Philip Morris International will post $4.87 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Wednesday, June 21st. Philip Morris International’s payout ratio is 92.24%.
Several hedge funds have recently modified their holdings of the company. Gratus Capital LLC raised its stake in shares of Philip Morris International by 2.2% in the fourth quarter. Gratus Capital LLC now owns 11,659 shares of the company’s stock worth $1,067,000 after buying an additional 254 shares in the last quarter. Cedar Rock Capital Ltd. raised its stake in shares of Philip Morris International by 0.5% in the fourth quarter. Cedar Rock Capital Ltd. now owns 11,945,653 shares of the company’s stock worth $1,092,908,000 after buying an additional 58,068 shares in the last quarter. Arbor Wealth Management LLC raised its stake in shares of Philip Morris International by 11.5% in the fourth quarter. Arbor Wealth Management LLC now owns 43,351 shares of the company’s stock worth $4,457,000 after buying an additional 4,474 shares in the last quarter. Girard Securities Inc. raised its stake in shares of Philip Morris International by 3.1% in the fourth quarter. Girard Securities Inc. now owns 7,962 shares of the company’s stock worth $728,000 after buying an additional 239 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock worth $800,847,000 after buying an additional 1,240,300 shares in the last quarter. 72.31% of the stock is owned by institutional investors.
About Philip Morris International
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.
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