Philip Morris International (NYSE:PM) Price Target Raised to $160.00

Philip Morris International (NYSE:PM) had its price objective increased by Stifel Nicolaus from $145.00 to $160.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

PM has been the subject of a number of other reports. UBS Group raised 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. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Barclays lowered their price objective on 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. Finally, JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.35.

Philip Morris International Stock Down 0.6 %

Shares of PM opened at $144.40 on Friday. The stock has a market cap of $224.51 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.55 and a beta of 0.55. The business’s 50 day moving average price is $125.66 and its 200-day moving average price is $123.97. Philip Morris International has a 52 week low of $87.82 and a 52 week high of $146.78.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. On average, equities analysts anticipate that Philip Morris International will post 7.11 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.74%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Hedge Funds Weigh In On Philip Morris International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brookstone Capital Management raised its stake in Philip Morris International by 1.9% during the 3rd quarter. Brookstone Capital Management now owns 25,953 shares of the company’s stock worth $3,151,000 after acquiring an additional 474 shares during the period. UMB Bank n.a. increased its stake in shares of Philip Morris International by 7.5% in the third quarter. UMB Bank n.a. now owns 34,037 shares of the company’s stock worth $4,132,000 after purchasing an additional 2,378 shares in the last quarter. Quotient Wealth Partners LLC raised its position in shares of Philip Morris International by 9.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 3,911 shares of the company’s stock valued at $475,000 after purchasing an additional 353 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its stake in shares of Philip Morris International by 15.7% during the 3rd quarter. Cerro Pacific Wealth Advisors LLC now owns 2,931 shares of the company’s stock valued at $356,000 after buying an additional 397 shares in the last quarter. Finally, San Luis Wealth Advisors LLC boosted its holdings in Philip Morris International by 93.5% in the 3rd quarter. San Luis Wealth Advisors LLC now owns 6,179 shares of the company’s stock worth $750,000 after buying an additional 2,985 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

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.