Philip Morris International Inc. (NYSE:PM) Receives $184.56 Consensus Target Price from Analysts

Philip Morris International Inc. (NYSE:PM) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $184.5556.

A number of brokerages have issued reports on PM. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. decreased their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd.

Philip Morris International Stock Down 1.6%

NYSE:PM opened at $177.02 on Friday. Philip Morris International has a 12-month low of $129.91 and a 12-month high of $186.69. The stock’s fifty day simple moving average is $162.50 and its 200-day simple moving average is $161.26. The firm has a market capitalization of $275.56 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.94 and a beta of 0.39.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

Hedge Funds Weigh In On Philip Morris International

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Philip Morris International by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after buying an additional 1,793,949 shares in the last quarter. Capital World Investors raised its holdings in shares of Philip Morris International by 2.2% during the third quarter. Capital World Investors now owns 128,776,327 shares of the company’s stock worth $20,887,743,000 after acquiring an additional 2,714,674 shares during the period. Capital International Investors lifted its position in Philip Morris International by 1.0% in the 3rd quarter. Capital International Investors now owns 89,150,871 shares of the company’s stock valued at $14,461,220,000 after acquiring an additional 882,885 shares in the last quarter. State Street Corp boosted its stake in Philip Morris International by 1.6% in the 2nd quarter. State Street Corp now owns 55,831,655 shares of the company’s stock worth $10,243,429,000 after purchasing an additional 871,165 shares during the period. Finally, Capital Research Global Investors increased its holdings in Philip Morris International by 7.2% during the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company’s stock worth $7,063,263,000 after purchasing an additional 2,911,835 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.