Philip Morris International (NYSE:PM) had its target price hoisted by Citigroup from $90.00 to $95.00 in a report issued on Friday, September 21st. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus lowered their price objective on Philip Morris International from $100.00 to $93.00 and set a buy rating on the stock in a report on Friday, July 20th. Jefferies Financial Group reaffirmed a buy rating and issued a $93.00 price objective on shares of Philip Morris International in a report on Friday, July 13th. Argus raised Philip Morris International from a hold rating to a buy rating and set a $91.00 price target on the stock in a research note on Wednesday, July 25th. Societe Generale lowered Philip Morris International from a buy rating to a hold rating in a research note on Monday, July 23rd. Finally, Cowen lowered Philip Morris International from an outperform rating to a market perform rating and set a $97.00 price target on the stock. in a research note on Friday, July 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $98.00.

Shares of NYSE PM remained flat at $$82.31 during midday trading on Friday. The company had a trading volume of 6,304,455 shares, compared to its average volume of 6,064,199. Philip Morris International has a 52-week low of $76.21 and a 52-week high of $115.15. The stock has a market capitalization of $126.75 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.81 and a beta of 0.79. The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 19th. The company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.18. Philip Morris International had a negative return on equity of 76.67% and a net margin of 7.84%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the previous year, the company earned $1.14 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Philip Morris International will post 5.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Wednesday, September 26th were given a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $4.56 annualized dividend and a dividend yield of 5.54%. Philip Morris International’s dividend payout ratio is currently 92.49%.

Several institutional investors have recently modified their holdings of the stock. Haverford Trust Co. grew its stake in shares of Philip Morris International by 2.3% during the 1st quarter. Haverford Trust Co. now owns 414,813 shares of the company’s stock valued at $41,232,000 after buying an additional 9,411 shares during the period. Bank Pictet & Cie Asia Ltd. grew its stake in shares of Philip Morris International by 42.2% during the 1st quarter. Bank Pictet & Cie Asia Ltd. now owns 3,367 shares of the company’s stock valued at $335,000 after buying an additional 1,000 shares during the period. Guyasuta Investment Advisors Inc. grew its stake in shares of Philip Morris International by 9.9% during the 1st quarter. Guyasuta Investment Advisors Inc. now owns 45,035 shares of the company’s stock valued at $4,476,000 after buying an additional 4,045 shares during the period. KAMES CAPITAL plc grew its stake in shares of Philip Morris International by 7.8% during the 1st quarter. KAMES CAPITAL plc now owns 180,907 shares of the company’s stock valued at $17,937,000 after buying an additional 13,139 shares during the period. Finally, KBC Group NV grew its stake in shares of Philip Morris International by 46.6% during the 1st quarter. KBC Group NV now owns 234,729 shares of the company’s stock valued at $23,332,000 after buying an additional 74,616 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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