Brokerages Set Philip Morris International Inc. (NYSE:PM) Target Price at $131.35

Shares of Philip Morris International Inc. (NYSE:PM) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $131.35.

Several equities research analysts have recently issued reports on the stock. Barclays dropped their price objective 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. 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 objective for the company. UBS Group boosted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Citigroup boosted their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th.

Philip Morris International Stock Down 1.1 %

Philip Morris International stock opened at $129.06 on Wednesday. Philip Morris International has a 52-week low of $87.82 and a 52-week high of $134.15. The firm has a fifty day moving average of $125.27 and a 200-day moving average of $122.42. The firm has a market capitalization of $200.66 billion, a P/E ratio of 20.49, a PEG ratio of 2.01 and a beta of 0.54.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.18%. Philip Morris International’s payout ratio is 85.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Investment Advisory Services Inc. TX ADV increased its stake in shares of Philip Morris International by 3.2% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock valued at $302,000 after purchasing an additional 78 shares during the period. Intergy Private Wealth LLC boosted its holdings in Philip Morris International by 4.3% during the fourth quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after buying an additional 80 shares in the last quarter. 49 Wealth Management LLC raised its position in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock worth $295,000 after purchasing an additional 84 shares during the period. Woodmont Investment Counsel LLC lifted its stake in Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after buying an additional 86 shares in the last quarter. Finally, Sargent Investment Group LLC lifted its position in shares of Philip Morris International by 2.2% in the 4th quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock valued at $467,000 after acquiring an additional 86 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Company Profile

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.