Barclays Issues Positive Forecast for Philip Morris International (NYSE:PM) Stock Price

Philip Morris International (NYSE:PM) had its price target hoisted by Barclays from $145.00 to $155.00 in a research report report published on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on PM. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Bank of America upped their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.85.

Philip Morris International Stock Up 0.4 %

NYSE:PM opened at $132.12 on Wednesday. The firm’s fifty day simple moving average is $123.23 and its 200-day simple moving average is $110.73. The stock has a market cap of $205.42 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.57 and a beta of 0.55. Philip Morris International has a fifty-two week low of $87.82 and a fifty-two week high of $133.27.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 12.10% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Philip Morris International will post 6.45 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a dividend of $1.35 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, September 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.09%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 118,418 shares of company stock valued at $15,247,052. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Philip Morris International

A number of institutional investors have recently added to or reduced their stakes in the company. American Capital Advisory LLC increased its holdings in Philip Morris International by 26.7% in the 3rd quarter. American Capital Advisory LLC now owns 24,990 shares of the company’s stock valued at $3,034,000 after purchasing an additional 5,269 shares in the last quarter. Centennial Wealth Advisory LLC grew its position in shares of Philip Morris International by 3.6% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,271 shares of the company’s stock worth $519,000 after acquiring an additional 149 shares in the last quarter. Maia Wealth LLC increased its stake in Philip Morris International by 45.3% during the third quarter. Maia Wealth LLC now owns 3,709 shares of the company’s stock valued at $493,000 after purchasing an additional 1,156 shares during the last quarter. White Lighthouse Investment Management Inc. grew its holdings in shares of Philip Morris International by 71.4% during the third quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock valued at $1,457,000 after purchasing an additional 4,999 shares during the last quarter. Finally, Radnor Capital Management LLC acquired a new stake in Philip Morris International in the third quarter worth $2,477,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

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.