Philip Morris International (PM) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Philip Morris International (NYSE:PM) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

PM has been the topic of several other research reports. Jefferies Financial Group downgraded shares of Philip Morris International from a buy rating to a hold rating and set a $80.00 price objective on the stock. in a report on Friday, August 24th. Stifel Nicolaus lowered their target price on shares of Philip Morris International from $100.00 to $93.00 and set a buy rating on the stock in a research note on Friday, July 20th. Morgan Stanley lowered their target price on shares of Philip Morris International from $111.00 to $102.00 and set an overweight rating on the stock in a research note on Tuesday, July 17th. Cowen cut shares of Philip Morris International from an outperform rating to a market perform rating and set a $97.00 target price on the stock. in a research note on Friday, July 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Philip Morris International in a research note on Tuesday. They issued an outperform rating and a $97.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $98.36.

Shares of NYSE:PM traded up $1.18 on Thursday, hitting $88.70. 246,858 shares of the company were exchanged, compared to its average volume of 6,075,333. Philip Morris International has a one year low of $76.21 and a one year high of $111.86. The company has a debt-to-equity ratio of -2.76, a quick ratio of 0.64 and a current ratio of 1.15. The company has a market cap of $131.45 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.96 and a beta of 0.80.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 7.84% and a negative return on equity of 76.67%. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The business’s revenue was up .4% compared to the same quarter last year. Equities analysts predict that Philip Morris International will post 4.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Wednesday, September 26th were paid a $1.14 dividend. The ex-dividend date was Tuesday, September 25th. This represents a $4.56 dividend on an annualized basis and a yield of 5.14%. Philip Morris International’s payout ratio is currently 92.49%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Shine Investment Advisory Services Inc. boosted its position in Philip Morris International by 90.7% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock valued at $101,000 after buying an additional 592 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in Philip Morris International in the second quarter valued at about $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Philip Morris International in the second quarter valued at about $108,000. Cordasco Financial Network boosted its position in Philip Morris International by 214.1% in the second quarter. Cordasco Financial Network now owns 1,357 shares of the company’s stock valued at $110,000 after buying an additional 925 shares in the last quarter. Finally, BerganKDV Wealth Management LLC acquired a new position in Philip Morris International in the second quarter valued at about $123,000. 72.81% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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