Philip Morris International Inc. (NYSE:PM) Receives Consensus Rating of "Moderate Buy" from Analysts

Philip Morris International Inc. (NYSE:PM - Get Free Report) has earned an average rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $131.50.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Stifel Nicolaus reiterated a "buy" rating and set a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Barclays lifted their target price on Philip Morris International from $145.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, UBS Group upped their target price on Philip Morris International from $103.00 to $105.00 and gave the company a "sell" rating in a research report on Wednesday, October 23rd.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares in the company, valued at approximately $12,402,431.64. The trade was a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Philip Morris International

Hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in Philip Morris International by 40.9% during the third quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after acquiring an additional 6,721,094 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares during the last quarter. National Bank of Canada FI lifted its stake in Philip Morris International by 161.6% in the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock valued at $235,936,000 after buying an additional 1,200,636 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in Philip Morris International by 14,611.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company's stock valued at $142,467,000 after buying an additional 1,165,554 shares during the last quarter. Finally, Wulff Hansen & CO. increased its position in Philip Morris International by 10,033.0% during the second quarter. Wulff Hansen & CO. now owns 1,039,646 shares of the company's stock worth $105,347,000 after buying an additional 1,029,386 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.2 %

NYSE PM traded down $0.26 on Friday, hitting $121.45. 3,923,475 shares of the stock were exchanged, compared to its average volume of 5,336,762. Philip Morris International has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The company has a 50-day moving average price of $128.23 and a 200-day moving average price of $119.37. The company has a market cap of $188.83 billion, a PE ratio of 19.28, a PEG ratio of 2.22 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. As a group, equities research analysts predict that Philip Morris International will post 6.51 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 26th will be paid a $1.35 dividend. The ex-dividend date is Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.45%. Philip Morris International's dividend payout ratio is currently 85.71%.

About Philip Morris International

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.