Philip Morris International (NYSE:PM) Price Target Increased to $115.00 by Analysts at Stifel Nicolaus

Philip Morris International (NYSE:PM) had its price target upped by Stifel Nicolaus from $108.00 to $115.00 in a research note issued to investors on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

PM has been the subject of several other reports. Societe Generale upgraded shares of Philip Morris International from a sell rating to a hold rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Argus restated a hold rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a buy rating to a sell rating and decreased their price objective for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $105.50.

Philip Morris International Stock Up 1.4 %

PM stock opened at $99.03 on Wednesday. The firm has a 50 day moving average of $91.65 and a 200 day moving average of $92.15. The stock has a market capitalization of $153.95 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 2.05 and a beta of 0.61. Philip Morris International has a 52 week low of $87.23 and a 52 week high of $100.79.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business posted $1.38 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Philip Morris International will post 6.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is presently 101.56%.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Philip Morris International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ferguson Wellman Capital Management Inc. boosted its stake in Philip Morris International by 2.3% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after purchasing an additional 13,416 shares during the last quarter. Amica Mutual Insurance Co. boosted its position in shares of Philip Morris International by 5.5% during the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock valued at $13,655,000 after acquiring an additional 7,726 shares during the last quarter. NewEdge Wealth LLC boosted its position in shares of Philip Morris International by 69.9% during the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock valued at $4,785,000 after acquiring an additional 20,918 shares during the last quarter. Chiron Investment Management LLC boosted its position in shares of Philip Morris International by 2.0% during the 3rd quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock valued at $32,825,000 after acquiring an additional 6,981 shares during the last quarter. Finally, Country Club Bank GFN boosted its position in shares of Philip Morris International by 21.3% during the 4th quarter. Country Club Bank GFN now owns 77,246 shares of the company’s stock valued at $7,267,000 after acquiring an additional 13,546 shares during the last quarter. 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.