Philip Morris International (NYSE:PM) Price Target Lowered to $145.00 at Barclays

Philip Morris International (NYSE:PMFree Report) had its price objective reduced by Barclays from $155.00 to $145.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

PM has been the subject of a number of other research reports. Citigroup upped their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on 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, The Goldman Sachs Group upped their price objective on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given 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 $130.39.

Read Our Latest Research Report on Philip Morris International

Philip Morris International Stock Up 0.4 %

NYSE PM opened at $121.85 on Wednesday. Philip Morris International has a twelve month low of $87.82 and a twelve month high of $134.15. The firm has a market capitalization of $189.46 billion, a PE ratio of 19.34, a P/E/G ratio of 2.22 and a beta of 0.54. The stock’s 50 day moving average is $126.82 and its 200 day moving average is $120.46.

Philip Morris International (NYSE:PMGet Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. On average, research analysts anticipate that Philip Morris International will post 6.51 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, December 26th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.43%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Insider Buying and Selling at Philip Morris International

In related news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This trade represents a 7.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the transaction, the chairman now directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Philip Morris International

Large investors have recently made changes to their positions in the stock. Lantz Financial LLC lifted its stake in Philip Morris International by 2.8% during the second quarter. Lantz Financial LLC now owns 5,651 shares of the company’s stock worth $573,000 after purchasing an additional 153 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Philip Morris International during the second quarter worth $25,000. Ashton Thomas Private Wealth LLC lifted its stake in Philip Morris International by 1.4% during the second quarter. Ashton Thomas Private Wealth LLC now owns 12,911 shares of the company’s stock worth $1,308,000 after purchasing an additional 181 shares in the last quarter. Sachetta LLC lifted its stake in Philip Morris International by 64.8% during the second quarter. Sachetta LLC now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Van Hulzen Asset Management LLC lifted its stake in Philip Morris International by 58.0% during the second quarter. Van Hulzen Asset Management LLC now owns 3,697 shares of the company’s stock worth $375,000 after purchasing an additional 1,357 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

About Philip Morris International

(Get Free Report)

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.

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