UBS Group Increases Philip Morris International (NYSE:PM) Price Target to $105.00

Philip Morris International (NYSE:PM) had its price target boosted by UBS Group from $103.00 to $105.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “sell” rating on the stock. UBS Group’s target price points to a potential downside of 20.93% from the stock’s previous close.

Several other research firms also recently issued reports on PM. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Citigroup increased their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $126.85.

Philip Morris International Trading Up 1.1 %

Shares of NYSE PM opened at $132.79 on Wednesday. Philip Morris International has a 1-year low of $87.23 and a 1-year high of $132.90. The stock has a fifty day simple moving average of $121.97 and a two-hundred day simple moving average of $109.28. The firm has a market cap of $206.43 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Analysts forecast that Philip Morris International will post 6.45 EPS for the current year.

Insider Transactions at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Diversify Advisory Services LLC bought a new position in Philip Morris International during the 1st quarter worth approximately $5,634,000. Axxcess Wealth Management LLC boosted its stake in shares of Philip Morris International by 25.4% during the first quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock valued at $3,151,000 after purchasing an additional 6,974 shares during the period. Duality Advisers LP grew its holdings in shares of Philip Morris International by 165.6% in the first quarter. Duality Advisers LP now owns 38,644 shares of the company’s stock worth $3,541,000 after purchasing an additional 24,093 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Philip Morris International by 11.5% in the first quarter. New Mexico Educational Retirement Board now owns 90,111 shares of the company’s stock worth $8,465,000 after buying an additional 9,300 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Philip Morris International by 17.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 31,591 shares of the company’s stock valued at $3,203,000 after buying an additional 4,793 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

About Philip Morris International

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.