Stifel Nicolaus Boosts Philip Morris International (NYSE:PM) Price Target to $115.00

Philip Morris International (NYSE:PM) had its target price hoisted by Stifel Nicolaus from $108.00 to $115.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

PM has been the topic of a number of other reports. Societe Generale raised shares of Philip Morris International from a sell rating to a hold rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. Argus reaffirmed a hold rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a buy rating to a sell rating and cut their price objective for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $105.50.

Philip Morris International Stock Performance

PM opened at $94.97 on Wednesday. The company has a fifty day moving average price of $91.90 and a two-hundred day moving average price of $92.20. Philip Morris International has a 52 week low of $87.23 and a 52 week high of $100.79. The firm has a market capitalization of $147.64 billion, a PE ratio of 18.55, a P/E/G ratio of 2.09 and a beta of 0.61.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. Equities analysts forecast that Philip Morris International will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.48%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insiders Place Their Bets

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock valued at $3,339,528 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Kessler Investment Group LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth about $25,000. Headlands Technologies LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth about $27,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Philip Morris International during the 4th quarter worth about $33,000. Northwest Financial Advisors acquired a new position in shares of Philip Morris International during the 4th quarter worth about $33,000. Finally, Legacy Financial Group LLC acquired a new position in Philip Morris International in the 3rd quarter valued at about $37,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

About Philip Morris International

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.