Credit Suisse Group reaffirmed their neutral rating on shares of Philip Morris International (NYSE:PM – Get Rating) in a research report report published on Wednesday, Stock Target Advisor reports. They currently have a $107.00 price objective on the stock.
Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group dropped their price target on shares of Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. StockNews.com upgraded shares of Philip Morris International from a hold rating to a buy rating in a research note on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $108.89.
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Philip Morris International Price Performance
Shares of Philip Morris International stock opened at $83.01 on Wednesday. The company's fifty day simple moving average is $95.97 and its 200-day simple moving average is $98.19. The stock has a market capitalization of $128.68 billion, a PE ratio of 14.26, a P/E/G ratio of 3.45 and a beta of 0.62. Philip Morris International has a 1-year low of $82.85 and a 1-year high of $112.48.
Philip Morris International (NYSE:PM – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.24. The business had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $6.76 billion. Philip Morris International had a net
margin of 11.05% and a negative return on equity of 115.36%. The company's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. As a group, research analysts anticipate that Philip Morris International will post 5.84 EPS for the current year.
Philip Morris International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 28th will be paid a $1.27 dividend. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $5.08 annualized dividend and a yield of 6.12%. This is a boost from Philip Morris International's previous quarterly dividend of $1.25. Philip Morris International's payout ratio is presently 87.29%.
Institutional Trading of Philip Morris International
Several hedge funds have recently bought and sold shares of the stock. Rockbridge Investment Management LCC increased its holdings in shares of Philip Morris International by 3.5% in the 4th quarter. Rockbridge Investment Management LCC now owns 2,835 shares of the company's stock worth $269,000 after buying an additional 95 shares during the last quarter. Norwood Financial Corp grew its holdings in Philip Morris International by 16.0% during the 1st quarter. Norwood Financial Corp now owns 726 shares of the company's stock valued at $68,000 after purchasing an additional 100 shares during the last quarter. Campbell Wealth Management grew its holdings in Philip Morris International by 3.8% during the 1st quarter. Campbell Wealth Management now owns 2,708 shares of the company's stock valued at $254,000 after purchasing an additional 100 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Philip Morris International by 9.6% during the 1st quarter. Hanson & Doremus Investment Management now owns 1,160 shares of the company's stock valued at $109,000 after purchasing an additional 102 shares during the last quarter. Finally, Citizens Financial Group Inc RI grew its holdings in Philip Morris International by 0.5% during the 1st quarter. Citizens Financial Group Inc RI now owns 20,990 shares of the company's stock valued at $1,997,000 after purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.
About Philip Morris International
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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 that are sold in markets outside the United States.
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