Philip Morris International (NYSE:PM) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Philip Morris International (NYSE:PM) from an equal weight rating to an overweight rating in a research report sent to investors on Friday, BenzingaRatingsTable reports. They currently have $100.00 price target on the stock, up from their previous price target of $82.00.

Other analysts have also issued research reports about the stock. Societe Generale upgraded shares of Philip Morris International from a hold rating to a buy rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a sell rating to a hold rating in a research note on Thursday, May 23rd. ValuEngine lowered shares of United Rentals from a sell rating to a strong sell rating in a research note on Thursday, July 18th. Citigroup upped their target price on shares of Philip Morris International from $90.00 to $102.00 and gave the stock a buy rating in a research note on Monday, March 25th. Finally, Morgan Stanley set a $207.00 target price on shares of Alibaba Group and gave the stock a buy rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Philip Morris International currently has an average rating of Buy and an average price target of $93.00.

Philip Morris International stock opened at $86.95 on Friday. Philip Morris International has a 12-month low of $64.67 and a 12-month high of $92.74. The company’s fifty day moving average is $79.81. The firm has a market cap of $138.05 billion, a P/E ratio of 17.05, a PEG ratio of 2.20 and a beta of 0.96.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.13. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the previous year, the company earned $1.41 EPS. Philip Morris International’s quarterly revenue was down .3% compared to the same quarter last year. As a group, analysts predict that Philip Morris International will post 5.24 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st were paid a $1.14 dividend. The ex-dividend date was Thursday, June 20th. This represents a $4.56 annualized dividend and a dividend yield of 5.24%. Philip Morris International’s payout ratio is 89.41%.

In related news, Director Louis C. Camilleri sold 70,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total transaction of $5,847,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael R. Kunst purchased 500 shares of Philip Morris International stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average price of $80.74 per share, with a total value of $40,370.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 4,000 shares of company stock valued at $331,705. Company insiders own 0.21% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AE Wealth Management LLC grew its position in Philip Morris International by 62.8% during the second quarter. AE Wealth Management LLC now owns 60,414 shares of the company’s stock valued at $4,744,000 after buying an additional 23,316 shares during the period. Violich Capital Management Inc. grew its position in Philip Morris International by 3.7% during the second quarter. Violich Capital Management Inc. now owns 45,068 shares of the company’s stock valued at $3,539,000 after buying an additional 1,600 shares during the period. Private Vista LLC lifted its holdings in Philip Morris International by 7.6% during the second quarter. Private Vista LLC now owns 4,225 shares of the company’s stock valued at $332,000 after purchasing an additional 300 shares during the last quarter. Marino Stram & Associates LLC lifted its holdings in Philip Morris International by 9.3% during the second quarter. Marino Stram & Associates LLC now owns 5,468 shares of the company’s stock valued at $429,000 after purchasing an additional 464 shares during the last quarter. Finally, Cerebellum GP LLC lifted its holdings in Philip Morris International by 21.4% during the second quarter. Cerebellum GP LLC now owns 4,477 shares of the company’s stock valued at $352,000 after purchasing an additional 790 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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