Philip Morris International Inc. (NYSE:PM) Receives $186.73 Average PT from Analysts

Philip Morris International Inc. (NYSE:PM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $186.73.

Several brokerages have recently weighed in on PM. Barclays lifted their price target on shares of Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Jefferies Financial Group began coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. UBS Group set a $181.00 price objective on shares of Philip Morris International and gave the company a "neutral" rating in a research report on Monday. Finally, Citigroup raised their price objective on shares of Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, July 10th.

Institutional Investors Weigh In On Philip Morris International

Several large investors have recently added to or reduced their stakes in the stock. PFS Partners LLC boosted its position in Philip Morris International by 24.8% in the 2nd quarter. PFS Partners LLC now owns 292 shares of the company's stock valued at $53,000 after buying an additional 58 shares during the period. Perigon Wealth Management LLC raised its holdings in shares of Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC raised its holdings in shares of Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares in the last quarter. Uncommon Cents Investing LLC raised its holdings in shares of Philip Morris International by 1.1% in the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company's stock valued at $1,032,000 after purchasing an additional 61 shares in the last quarter. Finally, NFP Retirement Inc. raised its holdings in shares of Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after purchasing an additional 62 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 0.1%

PM stock traded down $0.25 on Wednesday, hitting $178.92. The company had a trading volume of 783,038 shares, compared to its average volume of 5,643,908. Philip Morris International has a 12-month low of $106.76 and a 12-month high of $186.69. The stock's 50-day simple moving average is $178.64 and its 200 day simple moving average is $158.16. The stock has a market cap of $278.49 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.63 and a beta of 0.51.

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

Philip Morris International Dividend Announcement

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

About Philip Morris International

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.