Philip Morris International (NYSE:PM) Price Target Raised to $120.00 at UBS Group

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

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

Philip Morris International Stock Down 0.6 %

Shares of NYSE PM opened at $144.40 on Friday. The stock has a market capitalization of $224.51 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International has a 52 week low of $87.82 and a 52 week high of $146.78. The firm has a 50-day moving average price of $125.66 and a 200 day moving average price of $123.97.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Equities research analysts expect that Philip Morris International will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

Hedge Funds Weigh In On Philip Morris International

Several large investors have recently added to or reduced their stakes in PM. NewSquare Capital LLC lifted its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. Investment Advisory Services Inc. TX ADV increased its position in Philip Morris International by 3.2% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after acquiring an additional 78 shares during the period. Net Worth Advisory Group raised its stake 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 last quarter. Intergy Private Wealth LLC boosted its holdings in Philip Morris International by 4.3% in 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 period. Finally, BKM Wealth Management LLC grew its position 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 purchasing an additional 81 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other 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.