Jefferies Group Upgrades Philip Morris International (PM) to Buy

Jefferies Group upgraded shares of Philip Morris International (NYSE:PM) from a hold rating to a buy rating in a research report report published on Friday, MarketBeat.com reports. Jefferies Group currently has $124.00 price target on the stock.

PM has been the topic of a number of other research reports. Societe Generale upgraded Philip Morris International from a hold rating to a buy rating in a research note on Friday, October 20th. Goldman Sachs Group upgraded Philip Morris International from a buy rating to a conviction-buy rating and set a $135.00 price objective on the stock in a research note on Thursday, September 28th. Zacks Investment Research lowered Philip Morris International from a hold rating to a sell rating in a research note on Monday, December 11th. Cowen restated a buy rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Piper Jaffray Companies set a $130.00 price objective on Philip Morris International and gave the stock a buy rating in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $125.31.

Shares of Philip Morris International (NYSE:PM) traded up $3.85 during midday trading on Friday, hitting $108.92. The stock had a trading volume of 5,792,277 shares, compared to its average volume of 4,500,000. The company has a market capitalization of $169,170.00, a price-to-earnings ratio of 24.04, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13. Philip Morris International has a one year low of $94.07 and a one year high of $123.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The firm had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. Philip Morris International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS. research analysts predict that Philip Morris International will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were paid a dividend of $1.07 per share. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of PM. Pure Financial Advisors Inc. boosted its holdings in shares of Philip Morris International by 13.1% in the 2nd quarter. Pure Financial Advisors Inc. now owns 4,008 shares of the company’s stock valued at $471,000 after purchasing an additional 464 shares in the last quarter. Carlson Capital Management boosted its holdings in shares of Philip Morris International by 12.6% in the 2nd quarter. Carlson Capital Management now owns 3,497 shares of the company’s stock valued at $411,000 after purchasing an additional 392 shares in the last quarter. CenturyLink Investment Management Co boosted its holdings in shares of Philip Morris International by 100.4% in the 2nd quarter. CenturyLink Investment Management Co now owns 12,465 shares of the company’s stock valued at $1,464,000 after purchasing an additional 6,246 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Philip Morris International by 21.3% in the 2nd quarter. GW&K Investment Management LLC now owns 406,799 shares of the company’s stock valued at $47,779,000 after purchasing an additional 71,357 shares in the last quarter. Finally, First Financial Bank Trust Division boosted its holdings in shares of Philip Morris International by 2.3% in the 2nd quarter. First Financial Bank Trust Division now owns 10,768 shares of the company’s stock valued at $1,265,000 after purchasing an additional 242 shares in the last quarter. 72.35% of the stock is currently owned by hedge funds and other institutional investors.

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About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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