Philip Morris International Inc. (NYSE:PM) Receives $104.22 Average Target Price from Brokerages

Philip Morris International Inc. (NYSE:PM - Get Free Report) has received a consensus recommendation of "Hold" from the nine analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $104.22.

Separately, Stifel Nicolaus raised their target price 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.

Philip Morris International Stock Up 0.7 %

Shares of NYSE:PM traded up $0.70 during midday trading on Friday, hitting $102.12. The stock had a trading volume of 3,569,063 shares, compared to its average volume of 4,377,470. The business's 50-day simple moving average is $100.60 and its 200-day simple moving average is $95.18. Philip Morris International has a 12 month low of $87.23 and a 12 month high of $104.90. The company has a market cap of $158.75 billion, a P/E ratio of 19.95, a PEG ratio of 2.08 and a beta of 0.58.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion during the quarter, compared to analysts' expectations of $8.44 billion. During the same period in the previous year, the business posted $1.38 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International will post 6.32 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.09%. Philip Morris International's dividend payout ratio (DPR) is currently 101.56%.

Insider Activity at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company's stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

Institutional Trading of Philip Morris International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP boosted its position in Philip Morris International by 2.0% during the third quarter. GSA Capital Partners LLP now owns 7,617 shares of the company's stock valued at $705,000 after acquiring an additional 146 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Philip Morris International by 7.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 50,020 shares of the company's stock worth $4,631,000 after buying an additional 3,601 shares in the last quarter. Essex Financial Services Inc. grew its position in shares of Philip Morris International by 2.1% during the 3rd quarter. Essex Financial Services Inc. now owns 20,231 shares of the company's stock worth $1,873,000 after buying an additional 414 shares during the period. Cravens & Co Advisors LLC increased its stake in shares of Philip Morris International by 4.9% in the 3rd quarter. Cravens & Co Advisors LLC now owns 8,850 shares of the company's stock valued at $819,000 after acquiring an additional 416 shares in the last quarter. Finally, RB Capital Management LLC lifted its position in shares of Philip Morris International by 0.9% during the 3rd quarter. RB Capital Management LLC now owns 12,808 shares of the company's stock valued at $1,186,000 after acquiring an additional 118 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

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.