Wall Street Zen Downgrades Philip Morris International (NYSE:PM) to Hold

Philip Morris International (NYSE:PM) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Other research analysts have also recently issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. UBS Group dropped their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Barclays decreased their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. KGI Securities began coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Finally, Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $194.00.

Philip Morris International Trading Up 1.1%

NYSE PM opened at $155.12 on Friday. The firm has a market cap of $241.47 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.22 and a beta of 0.43. Philip Morris International has a 1-year low of $116.12 and a 1-year high of $186.69. The company has a 50 day moving average of $158.06 and a 200-day moving average of $168.27.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $8.12 billion during the quarter. On average, analysts forecast that Philip Morris International will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PM. Legacy Investment Solutions LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at $25,000. Traub Capital Management LLC bought a new stake in shares of Philip Morris International in the second quarter worth about $25,000. Marquette Asset Management LLC raised its position in shares of Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the period. Abound Wealth Management raised its position in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International during the 1st quarter valued at about $30,000. 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.