Citigroup Boosts Philip Morris International (NYSE:PM) Price Target to $132.00

Philip Morris International (NYSE:PM - Get Free Report) had its price objective upped by research analysts at Citigroup from $118.50 to $132.00 in a report released on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 11.16% from the company's previous close.

Other equities research analysts also recently issued reports about the company. StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Philip Morris International from $118.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. The Goldman Sachs Group lifted their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. UBS Group lifted their price objective on Philip Morris International from $95.00 to $105.00 and gave the stock a "sell" rating in a report on Monday, September 9th. Finally, Bank of America lifted their price objective on Philip Morris International from $125.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $122.41.

Philip Morris International Trading Down 0.1 %

Philip Morris International stock traded down $0.16 on Tuesday, hitting $118.75. 3,522,022 shares of the stock traded hands, compared to its average volume of 5,392,000. The firm has a market cap of $184.60 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.37 and a beta of 0.55. The business's fifty day simple moving average is $120.57 and its 200 day simple moving average is $106.80. Philip Morris International has a 1 year low of $87.23 and a 1 year high of $128.22.

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

Insider Buying and Selling

In other news, insider Massimo Andolina sold 9,000 shares of the company'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 transaction of $1,038,150.00. Following the sale, the insider now directly owns 85,629 shares of the company's stock, valued at $9,877,305.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the sale, the insider now owns 158,447 shares in the company, valued at approximately $17,906,095.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Massimo Andolina sold 9,000 shares of the 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 in the company, valued at $9,877,305.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Institutional Trading of Philip Morris International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ossiam grew its position in Philip Morris International by 240.9% in the 4th quarter. Ossiam now owns 13,238 shares of the company's stock valued at $1,245,000 after acquiring an additional 9,355 shares during the last quarter. MGO One Seven LLC grew its position in Philip Morris International by 0.6% in the 4th quarter. MGO One Seven LLC now owns 31,657 shares of the company's stock valued at $2,978,000 after acquiring an additional 193 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in Philip Morris International in the 4th quarter valued at $1,133,000. Jacobi Capital Management LLC grew its position in Philip Morris International by 6.9% in the 4th quarter. Jacobi Capital Management LLC now owns 16,310 shares of the company's stock valued at $1,534,000 after acquiring an additional 1,057 shares during the last quarter. Finally, Nebula Research & Development LLC bought a new position in Philip Morris International in the 4th quarter valued at $857,000. Hedge funds and other institutional investors 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.