Philip Morris International (NYSE:PM) Now Covered by Analysts at Societe Generale

Societe Generale initiated coverage on shares of Philip Morris International (NYSE:PM – Get Rating) in a research report released on Monday, FinViz reports. The brokerage issued a sell rating and a $90.00 price target on the stock.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Philip Morris International from a buy rating to a hold rating in a research report on Thursday, November 24th. Credit Suisse Group lowered their price objective on shares of Philip Morris International to $95.00 in a research report on Thursday, October 27th. Citigroup reaffirmed a neutral rating and issued a $109.00 target price on shares of Philip Morris International in a research report on Tuesday, December 13th. Morgan Stanley raised their target price on shares of Philip Morris International from $102.00 to $109.00 and gave the company an overweight rating in a research report on Wednesday, November 2nd. Finally, Argus raised shares of Philip Morris International from a hold rating to a buy rating and set a $110.00 target price for the company in a research report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of Hold and a consensus price target of $109.42.

Philip Morris International Stock Up 0.1 %

Shares of PM stock opened at $101.30 on Monday. The firm has a fifty day moving average of $100.69 and a 200-day moving average of $95.68. Philip Morris International has a 12-month low of $82.85 and a 12-month high of $112.48. The company has a market capitalization of $157.04 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 3.44 and a beta of 0.68.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Thursday, December 22nd were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Wednesday, December 21st. Philip Morris International’s dividend payout ratio is currently 90.55%.

Institutional Trading of Philip Morris International

A number of large investors have recently added to or reduced their stakes in the company. Kwmg LLC lifted its stake in Philip Morris International by 3.2% in the fourth quarter. Kwmg LLC now owns 3,161 shares of the company’s stock valued at $320,000 after acquiring an additional 98 shares during the last quarter. Core Alternative Capital lifted its stake in Philip Morris International by 10.7% in the second quarter. Core Alternative Capital now owns 1,059 shares of the company’s stock valued at $105,000 after acquiring an additional 102 shares during the last quarter. Ellenbecker Investment Group lifted its stake in Philip Morris International by 0.4% in the fourth quarter. Ellenbecker Investment Group now owns 27,013 shares of the company’s stock valued at $2,734,000 after acquiring an additional 102 shares during the last quarter. Dearborn Partners LLC lifted its stake in shares of Philip Morris International by 1.8% during the 3rd quarter. Dearborn Partners LLC now owns 5,878 shares of the company’s stock worth $488,000 after buying an additional 103 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its stake in shares of Philip Morris International by 4.5% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 2,462 shares of the company’s stock worth $243,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 75.85% of the company’s stock.

About Philip Morris International

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Philip Morris International, Inc is a holding company engaged in the manufacturing and sale of cigarettes, tobacco, and nicotine-containing products. Its products include cigarettes and reduced-risk products, including heat-not-burn, vapor, and oral nicotine products, which are sold in markets outside the U.S.