Goldman Sachs Group, Inc. (The) reissued their buy rating on shares of Philip Morris International Inc (NYSE:PM) in a research report sent to investors on Saturday morning. Goldman Sachs Group, Inc. (The) currently has a $133.00 price objective on the stock, down from their previous price objective of $134.00.

Several other research firms have also commented on PM. Zacks Investment Research upgraded shares of Philip Morris International from a hold rating to a buy rating and set a $126.00 price target for the company in a report on Wednesday, March 29th. Berenberg Bank set a $96.00 price target on shares of Philip Morris International and gave the company a hold rating in a report on Saturday, June 24th. Jefferies Group LLC restated a hold rating and issued a $104.00 price target on shares of Philip Morris International in a report on Friday, March 24th. Vetr upgraded shares of Philip Morris International from a sell rating to a hold rating and set a $111.99 price target for the company in a report on Tuesday, May 16th. Finally, Wells Fargo & Company reiterated an outperform rating on shares of Philip Morris International in a research note on Friday, June 9th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $122.00.

Philip Morris International (NYSE PM) opened at 117.82 on Friday. The company has a market cap of $182.97 billion, a P/E ratio of 26.11 and a beta of 0.94. The firm’s 50 day moving average is $119.53 and its 200-day moving average is $110.96. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $123.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.23 by $0.09. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the firm posted $1.15 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts predict that Philip Morris International will post $4.84 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Wednesday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is currently 92.24%.

Several hedge funds have recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $351,755,000. C WorldWide Group Holding A S increased its stake in Philip Morris International by 70.9% in the first quarter. C WorldWide Group Holding A S now owns 3,027,193 shares of the company’s stock valued at $341,770,000 after buying an additional 1,255,776 shares during the period. Franklin Resources Inc. increased its stake in Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock valued at $800,847,000 after buying an additional 1,240,300 shares during the period. Swiss National Bank increased its stake in Philip Morris International by 26.2% in the first quarter. Swiss National Bank now owns 5,726,731 shares of the company’s stock valued at $646,548,000 after buying an additional 1,189,800 shares during the period. Finally, State Street Corp increased its stake in Philip Morris International by 1.8% in the first quarter. State Street Corp now owns 59,926,871 shares of the company’s stock valued at $6,766,079,000 after buying an additional 1,058,408 shares during the period. 72.33% of the stock is currently owned by institutional investors and hedge funds.

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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