Brokerages Set Philip Morris International Inc. (NYSE:PM) Price Target at $139.56

Shares of Philip Morris International Inc. (NYSE:PM) have been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $141.22.

Several equities research analysts recently commented on PM shares. Barclays cut their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group boosted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock.

Philip Morris International Stock Up 1.9 %

Shares of NYSE PM opened at $154.39 on Friday. The company’s fifty day moving average is $129.81 and its 200-day moving average is $126.45. The stock has a market cap of $240.05 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 2.65 and a beta of 0.55. Philip Morris International has a twelve month low of $87.82 and a twelve month high of $154.64.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, research analysts anticipate that Philip Morris International will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.50%. Philip Morris International’s payout ratio is currently 119.73%.

Insider Buying and Selling at Philip Morris International

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. The trade was a 6.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,143 shares of company stock worth $19,092,846. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Valley Wealth Managers Inc. boosted its holdings in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC boosted its holdings in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth about $33,000. Finally, Knuff & Co LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth about $36,000. 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.