Piper Jaffray Companies set a $130.00 target price on Philip Morris International Inc (NYSE:PM) in a research report report published on Thursday morning. The firm currently has a buy rating on the stock.

PM has been the subject of a number of other research reports. Zacks Investment Research lowered Philip Morris International from a hold rating to a sell rating in a research note on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) raised Philip Morris International from a buy rating to a conviction-buy rating and set a $135.00 price target for the company in a research note on Thursday, September 28th. SBG Securities raised Philip Morris International from a sell rating to a hold rating and raised their price target for the stock from $118.00 to $119.00 in a research note on Friday, August 11th. BidaskClub raised Philip Morris International from a sell rating to a hold rating in a research note on Saturday, August 12th. Finally, Wells Fargo & Company reaffirmed an outperform rating and issued a $140.00 price target on shares of Philip Morris International in a research note on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $124.23.

Shares of Philip Morris International (NYSE:PM) opened at $102.64 on Thursday. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $123.55. The company has a market capitalization of $159,420.75, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the business earned $1.25 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. analysts expect that Philip Morris International will post 4.75 EPS for the current fiscal year.

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In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Philip Morris International by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after buying an additional 2,972,929 shares in the last quarter. Flossbach Von Storch AG increased its holdings in Philip Morris International by 539.3% in the 3rd quarter. Flossbach Von Storch AG now owns 3,491,075 shares of the company’s stock worth $387,544,000 after buying an additional 2,945,025 shares in the last quarter. BlackRock Inc. increased its holdings in Philip Morris International by 2.7% in the 2nd quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after buying an additional 2,421,533 shares in the last quarter. FMR LLC increased its holdings in Philip Morris International by 12.5% in the 2nd quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after buying an additional 2,330,864 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Philip Morris International by 57.8% in the 2nd quarter. Alliancebernstein L.P. now owns 5,840,773 shares of the company’s stock worth $685,999,000 after buying an additional 2,139,002 shares in the last quarter. 72.90% of the stock is owned by hedge funds and other 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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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