Philip Morris International Inc. (NYSE:PM) has been given an average rating of “Buy” by the seventeen ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $91.14.
Several equities analysts have recently commented on the company. Panmure Gordon upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, April 3rd. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $74.00 target price for the company. in a report on Wednesday, May 13th. UBS Group increased their target price on Philip Morris International from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Goldman Sachs Group started coverage on Philip Morris International in a research report on Wednesday, April 1st. They issued a “buy” rating and a $80.00 price target for the company. Finally, ValuEngine downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, June 8th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Perennial Advisors LLC acquired a new position in Philip Morris International during the first quarter worth $29,000. Solstein Capital LLC acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $28,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $48,000. Key Financial Inc acquired a new position in shares of Philip Morris International during the 1st quarter worth about $41,000. Finally, New South Capital Management Inc. purchased a new position in Philip Morris International in the 4th quarter valued at about $51,000. 74.69% of the stock is owned by institutional investors.
Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 21st. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.08. Philip Morris International had a negative return on equity of 84.38% and a net margin of 9.75%. The firm had revenue of $7.15 billion for the quarter, compared to the consensus estimate of $6.87 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Philip Morris International will post 4.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a $1.17 dividend. The ex-dividend date of this dividend is Friday, June 19th. This represents a $4.68 dividend on an annualized basis and a yield of 6.80%. Philip Morris International’s payout ratio is 90.17%.
About Philip Morris International
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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