Philip Morris International (NYSE:PM) Stock Price Expected to Rise, Barclays Analyst Says

Philip Morris International (NYSE:PM) had its price target boosted by research analysts at Barclays from $145.00 to $175.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 13.67% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group increased 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 note on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Trading Down 0.5 %

NYSE PM opened at $153.95 on Wednesday. The firm has a market capitalization of $239.37 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 2.65 and a beta of 0.55. The firm’s 50 day simple moving average is $132.28 and its 200 day simple moving average is $127.47. Philip Morris International has a 1 year low of $87.82 and a 1 year high of $158.39.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts forecast that Philip Morris International will post 7.14 earnings per share for the current year.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the sale, the chairman now owns 561,349 shares of the company’s stock, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock valued at $19,092,846 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of Philip Morris International

Several hedge funds have recently added to or reduced their stakes in PM. NewSquare Capital LLC raised its position in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Valley Wealth Managers Inc. raised its position in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC raised its position in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Institutional investors own 78.63% of the company’s stock.

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.