Brokerages Set Philip Morris International Inc. (NYSE:PM) PT at $169.20

Shares of Philip Morris International Inc. (NYSE:PM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $169.20.

Several research analysts have issued reports on PM shares. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday. Stifel Nicolaus raised their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th.

Insider Activity

In related news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. This trade represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On Philip Morris International

Several hedge funds and other institutional investors have recently modified their holdings of PM. NewSquare Capital LLC raised its position in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International during the 1st quarter worth approximately $30,000. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International during the 4th quarter worth approximately $33,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Philip Morris International during the 1st quarter worth approximately $34,000. Finally, Pacifica Partners Inc. raised its position in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.6%

PM stock traded up $2.87 during trading on Tuesday, hitting $180.74. The company had a trading volume of 8,505,072 shares, compared to its average volume of 5,626,797. Philip Morris International has a 52-week low of $98.93 and a 52-week high of $181.36. The company has a 50 day simple moving average of $165.26 and a 200-day simple moving average of $145.77. The firm has a market capitalization of $281.32 billion, a P/E ratio of 40.08, a PEG ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 earned $1.50 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts forecast that Philip Morris International will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend 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.