Philip Morris International Inc. (NYSE:PM) Receives $189.00 Average PT from Brokerages

Philip Morris International Inc. (NYSE:PM) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $189.00.

Several analysts recently commented on PM shares. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th.

Philip Morris International Trading Up 2.4%

Shares of PM stock opened at $162.61 on Wednesday. Philip Morris International has a twelve month low of $116.12 and a twelve month high of $186.69. The stock has a market cap of $253.13 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.75 and a beta of 0.40. The stock has a 50 day moving average of $155.63 and a 200 day moving average of $162.01.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

Institutional Trading of Philip Morris International

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Fred Alger Management LLC raised its stake in Philip Morris International by 9.2% in the 1st quarter. Fred Alger Management LLC now owns 35,359 shares of the company’s stock valued at $5,658,000 after purchasing an additional 2,969 shares during the last quarter. Empowered Funds LLC lifted its holdings in Philip Morris International by 29.9% in the 1st quarter. Empowered Funds LLC now owns 159,906 shares of the company’s stock valued at $25,382,000 after purchasing an additional 36,767 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in Philip Morris International by 40.7% in the 1st quarter. Woodline Partners LP now owns 131,362 shares of the company’s stock valued at $20,851,000 after purchasing an additional 37,988 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.