Analysts Set Philip Morris International Inc. (NYSE:PM) Price Target at $194.00

Philip Morris International Inc. (NYSE:PM) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $194.00.

PM has been the subject of a number of recent research reports. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday. UBS Group decreased their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Saturday.

Institutional Investors Weigh In On Philip Morris International

A number of hedge funds have recently bought and sold shares of PM. Legacy Investment Solutions LLC bought a new stake in Philip Morris International during the second quarter valued at about $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International during the second quarter valued at about $25,000. Marquette Asset Management LLC boosted its holdings in Philip Morris International by 1,677.8% during the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Abound Wealth Management boosted its holdings in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International during the first quarter valued at about $30,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.0%

Philip Morris International stock opened at $157.69 on Friday. The company’s fifty day simple moving average is $162.32 and its 200-day simple moving average is $169.10. Philip Morris International has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a market cap of $245.45 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.28 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The business had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. On average, equities research analysts expect that Philip Morris International will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. Philip Morris International’s dividend payout ratio is currently 106.52%.

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.