Philip Morris International (NYSE:PM) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Philip Morris International (NYSE:PM) from a buy rating to a hold rating in a research note published on Monday morning.

Other analysts also recently issued research reports about the stock. Barclays reduced their price target 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. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley assumed 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 for the company. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.35.

Philip Morris International Stock Up 1.5 %

Shares of PM stock opened at $146.58 on Monday. The company has a market cap of $227.91 billion, a price-to-earnings ratio of 32.50, 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 of $125.66 and a 200-day moving average of $124.06.

Philip Morris International (NYSE:PM) last announced 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 net margin of 9.24% and a negative return on equity of 120.08%. Analysts anticipate that Philip Morris International will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

Institutional Investors Weigh In On Philip Morris International

A number of hedge funds have recently made changes to their positions in PM. NewSquare Capital LLC grew its holdings in 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 buying an additional 72 shares in the last quarter. Valley Wealth Managers Inc. grew its holdings in Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC grew its holdings in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International during the 4th quarter valued at about $33,000. Finally, Knuff & Co LLC purchased a new position in Philip Morris International during the 4th quarter valued at about $36,000. 78.63% of the stock is currently 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.