Goldman Sachs Group Inc. restated their buy rating on shares of Philip Morris International Inc. (NYSE:PM) in a research note released on Saturday. They currently have a $116.00 price target on the stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Philip Morris International from a hold rating to a buy rating and set a $108.00 price objective on the stock in a research report on Wednesday, October 5th. Jefferies Group set a $99.00 price objective on Philip Morris International and gave the company a hold rating in a research report on Wednesday, October 5th. Morgan Stanley reaffirmed an overweight rating and set a $110.00 price objective on shares of Philip Morris International in a research report on Tuesday, September 27th. Citigroup Inc. reaffirmed a neutral rating and set a $106.00 price objective on shares of Philip Morris International in a research report on Monday, September 26th. Finally, Credit Agricole SA reaffirmed an outperform rating on shares of Philip Morris International in a research report on Sunday, September 25th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $104.82.

Analyst Recommendations for Philip Morris International (NYSE:PM)

Shares of Philip Morris International (NYSE:PM) traded down 0.38% during trading on Friday, hitting $95.83. 3,156,276 shares of the company were exchanged. The stock has a market capitalization of $148.66 billion, a PE ratio of 22.93 and a beta of 0.95. The company has a 50 day moving average of $98.78 and a 200-day moving average of $99.65. Philip Morris International has a 1-year low of $83.27 and a 1-year high of $104.20.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by $0.05. Philip Morris International had a net margin of 8.84% and a negative return on equity of 57.28%. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.77 billion. During the same period last year, the business earned $1.21 earnings per share. On average, analysts forecast that Philip Morris International will post $4.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 13th. Stockholders of record on Wednesday, September 28th were issued a $1.04 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.02. The ex-dividend date was Monday, September 26th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 4.34%. Philip Morris International’s payout ratio is 99.52%.

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of Philip Morris International by 4.6% in the first quarter. LPL Financial LLC now owns 541,038 shares of the company’s stock worth $54,209,000 after buying an additional 23,687 shares during the period. Avalon Advisors LLC boosted its position in Philip Morris International by 1.8% in the first quarter. Avalon Advisors LLC now owns 315,696 shares of the company’s stock worth $30,973,000 after buying an additional 5,528 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in Philip Morris International by 14.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 629,482 shares of the company’s stock worth $64,030,000 after buying an additional 77,460 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in Philip Morris International by 34.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 349,682 shares of the company’s stock worth $35,570,000 after buying an additional 90,355 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in Philip Morris International by 6.6% in the second quarter. GW&K Investment Management LLC now owns 281,419 shares of the company’s stock worth $28,626,000 after buying an additional 17,541 shares during the last quarter. Hedge funds and other institutional investors own 71.22% of the company’s stock.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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