Philip Morris International (NYSE:PM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Philip Morris International (NYSE:PM) had its target price boosted by research analysts at JPMorgan Chase & Co. from $145.00 to $160.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 6.92% from the company’s current price.

Several other analysts have also recently issued reports on the company. Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.22.

Philip Morris International Trading Up 0.6 %

PM opened at $149.64 on Tuesday. The company has a market cap of $232.67 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.63 and a beta of 0.55. The business’s 50-day moving average price is $128.76 and its 200-day moving average price is $125.90. Philip Morris International has a 12 month low of $87.82 and a 12 month high of $151.22.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Equities research analysts forecast that Philip Morris International will post 7.13 earnings per share for the current fiscal year.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company’s stock, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Institutional Trading of Philip Morris International

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares during the last quarter. Capital World Investors raised its holdings in Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares during the last quarter. State Street Corp raised its holdings in Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock worth $6,715,237,000 after acquiring an additional 224,840 shares during the last quarter. GQG Partners LLC raised its holdings in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

About Philip Morris International

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.