Philip Morris International Inc (PM) Price Target Cut to $116.00 by Analysts at Jefferies Group LLC
Philip Morris International Inc (NYSE:PM) had its price objective reduced by Jefferies Group LLC from $120.00 to $116.00 in a research note published on Thursday, Marketbeat.com reports. They currently have a hold rating on the stock. Jefferies Group also issued estimates for Philip Morris International’s FY2020 earnings at $5.98 EPS.
Several other research analysts also recently weighed in on the stock. TheStreet upgraded shares of Philip Morris International from a c+ rating to a b- rating in a research report on Thursday, July 20th. BidaskClub downgraded shares of Philip Morris International from a strong-buy rating to a buy rating in a research report on Tuesday, June 27th. Vetr downgraded shares of Philip Morris International from a hold rating to a sell rating and set a $117.88 price target on the stock. in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) upgraded shares of Philip Morris International from a buy rating to a conviction-buy rating and set a $135.00 price target on the stock in a research report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of Philip Morris International from a hold rating to a buy rating and set a $132.00 price target on the stock in a research report on Tuesday, July 11th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of Buy and a consensus target price of $126.00.
Philip Morris International (NYSE PM) traded up 0.04% on Thursday, reaching $114.04. 264,181 shares of the company were exchanged. The firm has a market capitalization of $177.13 billion, a P/E ratio of 25.27 and a beta of 0.93. Philip Morris International has a 12-month low of $86.78 and a 12-month high of $123.55. The firm has a 50-day moving average of $114.61 and a 200 day moving average of $115.81.
Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. 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 previous year, the business posted $1.15 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Philip Morris International will post $4.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.75%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.90%.
In related news, insider Drago Azinovic sold 14,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Guidant Wealth Advisors lifted its position in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after purchasing an additional 191 shares during the last quarter. Welch Investments LLC bought a new position in Philip Morris International during the first quarter valued at $113,000. American Beacon Advisors Inc. bought a new position in Philip Morris International during the first quarter valued at $114,000. Vantage Investment Advisors LLC lifted its position in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after purchasing an additional 10 shares during the last quarter. Finally, Acropolis Investment Management LLC lifted its position in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after purchasing an additional 5 shares during the last quarter. 72.00% of the stock is owned by institutional investors.
Philip Morris International Company Profile
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.
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