Philip Morris International Inc. (NYSE:PM) Receives Consensus Rating of “Moderate Buy” from Analysts

Philip Morris International Inc. (NYSE:PM) has received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $184.5556.

Several research analysts recently commented on PM shares. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their price target for the company from $220.00 to $180.00 in a report on Tuesday, January 20th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research report on Tuesday, October 21st.

Hedge Funds Weigh In On Philip Morris International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of Philip Morris International in the second quarter valued at $25,000. Traub Capital Management LLC acquired a new position in Philip Morris International in the 2nd quarter worth $25,000. Marquette Asset Management LLC boosted its position 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. Dogwood Wealth Management LLC boosted its position in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $181.63 on Friday. The company has a market cap of $282.73 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.94 and a beta of 0.39. Philip Morris International has a 12 month low of $140.02 and a 12 month high of $186.69. The stock’s 50-day moving average is $163.48 and its 200-day moving average is $161.53.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Philip Morris International Company Profile

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.