Philip Morris International (NYSE:PM) Given New $115.00 Price Target at Stifel Nicolaus

Philip Morris International (NYSE:PM) had its target price boosted by analysts at Stifel Nicolaus from $108.00 to $115.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 17.76% from the stock’s previous close.

A number of other research firms have also recently weighed in on PM. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Up 3.8 %

NYSE PM opened at $97.66 on Wednesday. Philip Morris International has a fifty-two week low of $87.23 and a fifty-two week high of $100.79. The stock has a market cap of $151.82 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61. The business has a fifty day moving average of $91.46 and a 200-day moving average of $92.10.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Philip Morris International will post 6.36 EPS for the current year.

Insiders Place Their Bets

In other news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock worth $1,411,128 over the last three months. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PM. Proficio Capital Partners LLC boosted its holdings in Philip Morris International by 13.6% in the third quarter. Proficio Capital Partners LLC now owns 3,547 shares of the company’s stock valued at $328,000 after purchasing an additional 424 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Philip Morris International by 5.9% in the third quarter. Koshinski Asset Management Inc. now owns 11,251 shares of the company’s stock valued at $1,042,000 after purchasing an additional 622 shares during the last quarter. CX Institutional raised its stake in Philip Morris International by 444.5% during the third quarter. CX Institutional now owns 37,937 shares of the company’s stock valued at $3,512,000 after buying an additional 30,970 shares in the last quarter. Coronation Fund Managers Ltd. raised its stake in Philip Morris International by 9.5% during the third quarter. Coronation Fund Managers Ltd. now owns 328,629 shares of the company’s stock valued at $30,424,000 after buying an additional 28,470 shares in the last quarter. Finally, Goldstein Advisors LLC raised its stake in Philip Morris International by 7.6% during the third quarter. Goldstein Advisors LLC now owns 2,817 shares of the company’s stock valued at $261,000 after buying an additional 200 shares in the last quarter. Hedge funds and other 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.