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

Philip Morris International (NYSE:PM) had its target price lifted by UBS Group from $105.00 to $120.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other research analysts have also recently weighed in on PM. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus restated a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Finally, Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Trading Down 0.6 %

PM opened at $144.40 on Friday. Philip Morris International has a 1 year low of $87.82 and a 1 year high of $146.78. The stock has a market cap of $224.51 billion, a PE ratio of 22.92, a P/E/G ratio of 2.30 and a beta of 0.55. The stock’s 50 day simple moving average is $125.44 and its 200-day simple moving average is $123.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Equities analysts forecast that Philip Morris International will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.74%. Philip Morris International’s payout ratio is 119.73%.

Hedge Funds Weigh In On Philip Morris International

A number of institutional investors have recently added to or reduced their stakes in the business. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its stake in shares of Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after purchasing an additional 78 shares during the last quarter. Net Worth Advisory Group increased its holdings in Philip Morris International by 1.2% during the 4th quarter. Net Worth Advisory Group now owns 6,625 shares of the company’s stock valued at $797,000 after purchasing an additional 79 shares during the period. Intergy Private Wealth LLC raised its position in Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock valued at $236,000 after purchasing an additional 80 shares during the last quarter. Finally, BKM Wealth Management LLC lifted its holdings in Philip Morris International by 3.4% in the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company’s stock worth $298,000 after buying an additional 81 shares during the period. 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.