Analysts Set Philip Morris International Inc. (NYSE:PM) Price Target at $186.73

Shares of Philip Morris International Inc. (NYSE:PM - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $186.73.

A number of research firms recently commented on PM. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating for the company. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th.

Hedge Funds Weigh In On Philip Morris International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $1,712,994,000. GQG Partners LLC boosted its position in shares of Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Philip Morris International by 19,986.5% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after purchasing an additional 4,464,590 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Philip Morris International by 372.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock valued at $656,303,000 after purchasing an additional 4,298,530 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

Shares of NYSE:PM traded down $0.42 during midday trading on Wednesday, hitting $178.75. 4,649,814 shares of the stock were exchanged, compared to its average volume of 5,663,370. The stock has a market capitalization of $278.23 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 2.57 and a beta of 0.51. The business's 50-day moving average price is $178.64 and its 200 day moving average price is $158.16. Philip Morris International has a 12 month low of $106.76 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Philip Morris International will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. Philip Morris International's payout ratio is currently 111.34%.

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.