Philip Morris International Inc. (NYSE:PM) Stock Has Consensus Price Target of $209.70 According to Brokerages

Philip Morris International Inc. (NYSE:PM) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $212.40.

Several analysts recently commented on PM shares. Weiss Ratings upgraded Philip Morris International from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, November 4th. Needham & Company LLC raised their price target on shares of Philip Morris International from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Argus upped their price objective on shares of Philip Morris International from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 26th. Finally, UBS Group increased their price objective on shares of Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd.

Philip Morris International Stock Down 2.4%

NYSE PM opened at $193.16 on Tuesday. The company has a market capitalization of $301.07 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.83 and a beta of 0.34. Philip Morris International has a twelve month low of $146.35 and a twelve month high of $214.35. The stock has a fifty day simple moving average of $195.59 and a 200 day simple moving average of $182.93.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.30 by $0.06. The firm had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.32 billion. Philip Morris International had a negative return on equity of 183.96% and a net margin of 10.73%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.24 EPS. Research analysts expect that Philip Morris International will post 8.32 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Friday, October 2nd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.3%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Friday, October 2nd. Philip Morris International’s payout ratio is currently 93.43%.

Institutional Trading of Philip Morris International

A number of large investors have recently bought and sold shares of PM. Caitong International Asset Management Co. Ltd bought a new stake in shares of Philip Morris International during the 2nd quarter valued at about $29,000. Financial Freedom LLC bought a new stake in Philip Morris International in the third quarter worth approximately $30,000. Cedar Mountain Advisors LLC lifted its stake in Philip Morris International by 60.2% in the first quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company’s stock valued at $31,000 after buying an additional 71 shares during the period. Wilkerson Advisory Group LLC lifted its stake in Philip Morris International by 109.2% in the first quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock valued at $34,000 after buying an additional 107 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International in the second quarter valued at approximately $34,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International is a global tobacco and nicotine company that develops, manufactures and sells cigarettes and smoke-free products. Its cigarette brands include Marlboro in markets outside the United States, along with other regional and international brands.

The company’s smoke-free portfolio includes IQOS heated tobacco products, ZYN nicotine pouches and VEEV e-vapor products. Philip Morris International sells its products in markets around the world, with availability varying by country and subject to local regulations.

Philip Morris International became an independent publicly traded company in 2008 after separating from Altria Group.