Philip Morris International Inc. (NYSE:PM) Receives Average Rating of "Moderate Buy" from Brokerages

Philip Morris International Inc. (NYSE:PM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $166.33.

Several analysts have issued reports on PM shares. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Citigroup raised their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. StockNews.com raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Stifel Nicolaus boosted their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th.

Insider Activity at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock worth $19,655,585 over the last 90 days. Company insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PM. Perigon Wealth Management LLC raised its position in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after acquiring an additional 60 shares in the last quarter. TBH Global Asset Management LLC lifted its holdings in shares of Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the last quarter. Capital Advisors Wealth Management LLC raised its holdings in shares of Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after purchasing an additional 63 shares in the last quarter. Lloyd Advisory Services LLC. lifted its position in shares of Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after buying an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC raised its position in shares of Philip Morris International by 1.5% in the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after purchasing an additional 64 shares during the period. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $2.35 during trading on Friday, hitting $173.21. 4,543,381 shares of the company traded hands, compared to its average volume of 5,553,662. The business's fifty day moving average is $157.17 and its 200 day moving average is $139.57. Philip Morris International has a fifty-two week low of $96.65 and a fifty-two week high of $173.71. The firm has a market capitalization of $269.60 billion, a price-to-earnings ratio of 38.41, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the company posted $1.50 earnings per share. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Philip Morris International will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, March 20th. 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.