Philip Morris International Inc. (NYSE:PM) Given Consensus Rating of “Moderate Buy” by Brokerages

Philip Morris International Inc. (NYSE:PM) has received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $105.50.

PM has been the topic of a number of research reports. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th.

Insider Transactions at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of Philip Morris International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kessler Investment Group LLC bought a new position in shares of Philip Morris International during the first quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new position in shares of Philip Morris International in the 3rd quarter valued at $27,000. Boyd Watterson Asset Management LLC OH raised its position in shares of 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 worth $30,000 after acquiring an additional 230 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International during the 4th quarter worth $33,000. Finally, Northwest Financial Advisors bought a new stake in Philip Morris International during the fourth quarter valued at about $33,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Down 1.4 %

NYSE PM opened at $99.66 on Friday. Philip Morris International has a 12 month low of $87.23 and a 12 month high of $101.46. The company’s 50 day moving average is $94.63 and its two-hundred day moving average is $93.18. The stock has a market cap of $154.93 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 2.14 and a beta of 0.60.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.38 earnings per share. Sell-side analysts forecast that Philip Morris International will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.22%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.