Philip Morris International (NYSE:PM) PT Raised to $145.00 at JPMorgan Chase & Co.

Philip Morris International (NYSE:PM) had its price target upped by JPMorgan Chase & Co. from $125.00 to $145.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 10.76% from the stock’s previous close.

PM has been the subject of several other research reports. Barclays increased their price objective on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Citigroup raised their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. UBS Group upped their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.85.

Philip Morris International Price Performance

NYSE:PM traded down $0.50 on Wednesday, reaching $130.91. The stock had a trading volume of 3,377,268 shares, compared to its average volume of 5,357,370. Philip Morris International has a 12-month low of $87.23 and a 12-month high of $131.97. The company has a market cap of $203.51 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 2.35 and a beta of 0.55. The firm’s fifty day moving average is $121.68 and its two-hundred day moving average is $109.12.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 EPS. As a group, research analysts forecast that Philip Morris International will post 6.45 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the transaction, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Philip Morris International

Large investors have recently bought and sold shares of the business. Diversify Advisory Services LLC acquired a new position in shares of Philip Morris International during the first quarter worth approximately $5,634,000. Axxcess Wealth Management LLC lifted its holdings in Philip Morris International by 25.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 34,390 shares of the company’s stock worth $3,151,000 after buying an additional 6,974 shares in the last quarter. Duality Advisers LP boosted its position in Philip Morris International by 165.6% in the 1st quarter. Duality Advisers LP now owns 38,644 shares of the company’s stock valued at $3,541,000 after buying an additional 24,093 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Philip Morris International by 11.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 90,111 shares of the company’s stock valued at $8,465,000 after buying an additional 9,300 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of Philip Morris International by 17.9% during the second quarter. Sequoia Financial Advisors LLC now owns 31,591 shares of the company’s stock worth $3,203,000 after acquiring an additional 4,793 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Company Profile

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.