Philip Morris International Inc. (NYSE:PM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have assigned a consensus recommendation of "Moderate Buy" for Philip Morris International, with twelve out of thirteen analysts recommending a buy.
• The company's stock has a target price average of $186.27 and has fluctuated between a one-year low of $115.62 and a high of $186.69.
• Philip Morris announced a quarterly dividend of $1.35 per share, reflecting an annualized yield of 3.2%, although its payout ratio stands at 102.66%.

Philip Morris International Inc. (NYSE:PM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $186.2727.

PM has been the subject of a number of recent analyst reports. UBS Group raised their target price on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday. Bank of America lifted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd.

Philip Morris International Stock Performance

Philip Morris International stock opened at $170.23 on Friday. Philip Morris International has a one year low of $115.62 and a one year high of $186.69. The business has a fifty day moving average of $176.29 and a two-hundred day moving average of $163.44. The company has a market cap of $264.98 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 2.48 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the company earned $1.59 earnings per share. Philip Morris International's quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Philip Morris International will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.2%. Philip Morris International's payout ratio is presently 102.66%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in Philip Morris International in the 2nd quarter valued at about $25,000. Abound Wealth Management grew its holdings in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company's stock valued at $29,000 after buying an additional 136 shares during the period. Briaud Financial Planning Inc grew its holdings in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company's stock valued at $30,000 after buying an additional 120 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International in the 1st quarter valued at about $30,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

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.

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