Philip Morris International Inc (NYSE:PM) has been given an average rating of “Buy” by the sixteen analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $119.91.

A number of equities analysts recently issued reports on the company. Citigroup Inc. increased their target price on Philip Morris International from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Jefferies Group LLC raised their price objective on Philip Morris International from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, May 22nd. Wells Fargo & Company restated an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. Vetr upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $108.70 price objective on the stock in a research note on Wednesday, April 26th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $131.00 price objective on shares of Philip Morris International in a research note on Wednesday, May 24th.

Philip Morris International (NYSE PM) traded up 1.10% during mid-day trading on Monday, hitting $121.84. 7,117,948 shares of the stock were exchanged. The stock has a 50 day moving average price of $116.33 and a 200 day moving average price of $105.61. The company has a market capitalization of $189.23 billion, a PE ratio of 26.97 and a beta of 0.94. Philip Morris International has a 1-year low of $86.78 and a 1-year high of $122.90.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 20th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Philip Morris International’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts anticipate that Philip Morris International will post $4.90 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Wednesday, June 21st. Philip Morris International’s dividend payout ratio is presently 92.04%.

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Several large investors have recently made changes to their positions in the stock. Commonwealth Equity Services Inc raised its stake in shares of Philip Morris International by 1.0% in the third quarter. Commonwealth Equity Services Inc now owns 493,874 shares of the company’s stock valued at $48,014,000 after buying an additional 4,793 shares in the last quarter. Partnervest Advisory Services LLC raised its stake in shares of Philip Morris International by 4.2% in the third quarter. Partnervest Advisory Services LLC now owns 4,403 shares of the company’s stock valued at $428,000 after buying an additional 176 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund raised its stake in shares of Philip Morris International by 160.3% in the third quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 27,282 shares of the company’s stock valued at $2,652,000 after buying an additional 16,800 shares during the period. Reilly Financial Advisors LLC raised its stake in shares of Philip Morris International by 4.0% in the third quarter. Reilly Financial Advisors LLC now owns 5,216 shares of the company’s stock valued at $507,000 after buying an additional 200 shares during the period. Finally, Hudson Canyon Investment Counselors LLC raised its stake in shares of Philip Morris International by 2.2% in the third quarter. Hudson Canyon Investment Counselors LLC now owns 3,461 shares of the company’s stock valued at $336,000 after buying an additional 73 shares during the period. 73.48% of the stock is owned by hedge funds and other institutional investors.

About Philip Morris International

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

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