The Goldman Sachs Group Increases Philip Morris International (NYSE:PM) Price Target to $140.00

Philip Morris International (NYSE:PM - Get Free Report) had its price objective hoisted by The Goldman Sachs Group from $126.00 to $140.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 15.86% from the company's current price.

Several other research analysts have also weighed in on PM. UBS Group lifted their target price on Philip Morris International from $95.00 to $105.00 and gave the stock a "sell" rating in a report on Monday, September 9th. JPMorgan Chase & Co. raised their target price 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. Barclays lifted their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Finally, Bank of America upped their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $119.14.

Philip Morris International Stock Down 0.7 %

Philip Morris International stock traded down $0.85 during trading hours on Thursday, hitting $120.84. The stock had a trading volume of 6,350,456 shares, compared to its average volume of 5,414,949. The company has a market cap of $187.88 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. Philip Morris International has a fifty-two week low of $87.23 and a fifty-two week high of $128.22. The company has a 50-day moving average of $119.06 and a two-hundred day moving average of $105.29.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.57 by $0.02. The firm had revenue of $9.47 billion during the quarter, compared to analysts' expectations of $9.19 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. As a group, analysts forecast that Philip Morris International will post 6.45 EPS for the current fiscal year.

Insider Activity at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company's stock, valued at $9,877,305.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the company's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company's stock, valued at $9,877,305.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now owns 158,447 shares of the company's stock, valued at $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Trading of Philip Morris International

Several hedge funds have recently bought and sold shares of PM. Iron Horse Wealth Management LLC raised its position in Philip Morris International by 684.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 251 shares of the company's stock valued at $25,000 after buying an additional 219 shares during the last quarter. Sachetta LLC lifted its position in shares of Philip Morris International by 64.8% during the second quarter. Sachetta LLC now owns 267 shares of the company's stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Fortitude Family Office LLC grew its position in Philip Morris International by 57.4% in the 2nd quarter. Fortitude Family Office LLC now owns 318 shares of the company's stock worth $32,000 after purchasing an additional 116 shares in the last quarter. Boyd Watterson Asset Management LLC OH increased its stake in Philip Morris International by 250.0% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company's stock valued at $30,000 after buying an additional 230 shares during the last quarter. Finally, Olistico Wealth LLC purchased a new stake in Philip Morris International in the 2nd quarter valued at about $34,000. 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.