Philip Morris International Inc. (NYSE:PM) Receives $105.40 Average Price Target from Analysts

Philip Morris International Inc. (NYSE:PM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $105.40.

Several analysts have recently weighed in on PM shares. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, November 29th. UBS Group cut shares of Philip Morris International from a "buy" rating to a "sell" rating and cut their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus restated a "hold" rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Societe Generale raised shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Massimo Andolina sold 8,250 shares of Philip Morris International 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 directly owns 94,629 shares of the company's stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,250 shares of company stock worth $1,411,128. Company insiders own 0.13% of the company's stock.

Institutional Trading of Philip Morris International

A number of institutional investors have recently added to or reduced their stakes in PM. Moneta Group Investment Advisors LLC increased its stake in shares of Philip Morris International by 100,700.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company's stock valued at $1,582,939,000 after buying an additional 15,624,628 shares during the period. Capital Research Global Investors boosted its holdings in Philip Morris International by 9.1% in the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company's stock worth $5,495,794,000 after acquiring an additional 4,869,272 shares in the last quarter. Invesco Ltd. boosted its holdings in 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 acquiring an additional 4,304,089 shares in the last quarter. Viking Global Investors LP boosted its holdings in Philip Morris International by 61.2% in the fourth quarter. Viking Global Investors LP now owns 9,623,947 shares of the company's stock worth $905,421,000 after acquiring an additional 3,652,163 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in 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 acquiring an additional 3,121,732 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.7 %

Shares of PM stock traded down $0.64 during mid-day trading on Thursday, hitting $91.59. 5,311,892 shares of the stock were exchanged, compared to its average volume of 5,430,423. Philip Morris International has a 52-week low of $87.23 and a 52-week high of $101.92. The firm has a fifty day moving average of $91.53 and a 200 day moving average of $92.47. The company has a market cap of $142.19 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.04 and a beta of 0.61.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company had revenue of $9.05 billion for the quarter, compared to analysts' expectations of $8.99 billion. During the same period in the previous year, the business posted $1.39 EPS. The business's revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts predict that Philip Morris International will post 6.39 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Wednesday, March 20th. Philip Morris International's dividend payout ratio is currently 103.59%.

Philip Morris International Company Profile

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.