Philip Morris International Inc. (NYSE:PM) Given Average Recommendation of “Hold” by Brokerages

Shares of Philip Morris International Inc. (NYSE:PMGet Free Report) have received an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $104.22.

Separately, Stifel Nicolaus raised their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th.

View Our Latest Report on PM

Philip Morris International Stock Performance

Shares of PM stock opened at $102.77 on Friday. The company’s 50-day moving average is $101.01 and its 200 day moving average is $95.38. The company has a market capitalization of $159.76 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. Philip Morris International has a one year low of $87.23 and a one year high of $104.90.

Philip Morris International (NYSE:PMGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 EPS. As a group, research analysts predict that Philip Morris International will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. KCM Investment Advisors LLC boosted its stake in shares of Philip Morris International by 2.8% during the first quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock valued at $354,000 after purchasing an additional 104 shares during the period. Smallwood Wealth Investment Management LLC boosted its stake in shares of Philip Morris International by 0.6% during the first quarter. Smallwood Wealth Investment Management LLC now owns 17,495 shares of the company’s stock valued at $1,603,000 after purchasing an additional 108 shares during the period. 1ST Source Bank boosted its stake in shares of Philip Morris International by 4.1% during the first quarter. 1ST Source Bank now owns 2,742 shares of the company’s stock valued at $251,000 after purchasing an additional 108 shares during the period. PFG Investments LLC boosted its stake in shares of Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares during the period. Finally, CGC Financial Services LLC boosted its stake in shares of Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after purchasing an additional 110 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

About Philip Morris International

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Philip Morris International (NYSE:PM)

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.