Free Trial

Philip Morris International (NYSE:PM) Now Covered by Jefferies Financial Group

Philip Morris International logo with Consumer Staples background

Jefferies Financial Group assumed coverage on shares of Philip Morris International (NYSE:PM - Free Report) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $220.00 target price on the stock.

A number of other brokerages have also weighed in on PM. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and increased their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Needham & Company LLC initiated coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Stifel Nicolaus increased their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Bank of America increased 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. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $181.18.

Read Our Latest Report on PM

Philip Morris International Stock Performance

PM stock traded up $1.29 on Wednesday, reaching $179.27. The company had a trading volume of 1,898,377 shares, compared to its average volume of 5,983,886. Philip Morris International has a 1 year low of $102.75 and a 1 year high of $186.69. The company's fifty day moving average is $177.65 and its 200 day moving average is $155.73. The company has a market cap of $279.04 billion, a P/E ratio of 36.96, a PEG ratio of 2.58 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company earned $1.50 EPS. Philip Morris International's revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Philip Morris International will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.01%. Philip Morris International's payout ratio is 111.34%.

Institutional Trading of Philip Morris International

Several large investors have recently added to or reduced their stakes in PM. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the 1st quarter valued at $30,000. CBIZ Investment Advisory Services LLC increased 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 purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Philip Morris International during the first quarter valued at about $34,000. Pacifica Partners Inc. grew its stake in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International during the first quarter valued at about $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Philip Morris International (NYSE:PM)

Should You Invest $1,000 in Philip Morris International Right Now?

Before you consider Philip Morris International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Philip Morris International wasn't on the list.

While Philip Morris International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines