Philip Morris International (NYSE:PM) Given New $225.00 Price Target at Barclays

Philip Morris International (NYSE:PM - Get Free Report) had its price objective hoisted by equities research analysts at Barclays from $220.00 to $225.00 in a report released on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 25.19% from the stock's previous close.

A number of other equities analysts have also commented on the company. Citigroup raised their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus price target of $185.73.

Philip Morris International Trading Down 0.7%

Shares of PM traded down $1.26 during mid-day trading on Thursday, reaching $179.73. The company's stock had a trading volume of 3,430,602 shares, compared to its average volume of 5,628,288. Philip Morris International has a 1-year low of $102.75 and a 1-year high of $186.69. The stock has a market cap of $279.75 billion, a P/E ratio of 37.06, a PEG ratio of 2.58 and a beta of 0.51. The business has a 50-day simple moving average of $177.87 and a two-hundred day simple moving average of $156.13.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the firm posted $1.50 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. Research analysts anticipate that Philip Morris International will post 7.14 EPS for the current year.

Hedge Funds Weigh In On Philip Morris International

Several institutional investors have recently bought and sold shares of PM. Nuveen LLC purchased a new position in Philip Morris International in the first quarter valued at approximately $1,712,994,000. GQG Partners LLC lifted its position in shares of Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Philip Morris International by 19,986.5% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after acquiring an additional 4,464,590 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Philip Morris International by 372.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after acquiring an additional 4,298,530 shares in the last quarter. Hedge funds and other institutional investors 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.