Philip Morris International Inc. (NYSE:PM) Given Average Rating of “Moderate Buy” by Analysts

Philip Morris International Inc. (NYSE:PM) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $189.00.

A number of analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th.

Philip Morris International Stock Down 2.9%

Shares of NYSE PM opened at $155.29 on Wednesday. Philip Morris International has a twelve month low of $116.12 and a twelve month high of $186.69. The company’s fifty day moving average is $154.84 and its 200-day moving average is $162.52. The stock has a market cap of $241.73 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 1.72 and a beta of 0.40.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PM. Legacy Investment Solutions LLC bought a new position in Philip Morris International during the 2nd quarter valued at $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International in the 2nd quarter worth about $25,000. Abound Wealth Management grew its position in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Marquette Asset Management LLC increased its stake in Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Finally, Estabrook Capital Management bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $30,000. Institutional investors own 78.63% of the company’s stock.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.