Philip Morris International (PM) Receives “Buy” Rating from Piper Jaffray Companies

Piper Jaffray Companies reissued their buy rating on shares of Philip Morris International (NYSE:PM) in a research report sent to investors on Thursday. Piper Jaffray Companies currently has a $126.00 price target on the stock.

PM has been the subject of a number of other reports. Societe Generale upgraded Philip Morris International from a hold rating to a buy rating in a research note on Friday, October 20th. Zacks Investment Research cut Philip Morris International from a hold rating to a sell rating in a report on Monday, December 11th. Jefferies Group upgraded Philip Morris International from a hold rating to a buy rating and set a $124.00 price target on the stock in a report on Friday, January 19th. Bank of America decreased their price target on Philip Morris International from $124.00 to $121.00 and set a neutral rating on the stock in a report on Friday, October 20th. Finally, Citigroup decreased their price target on Philip Morris International from $125.00 to $117.00 and set a neutral rating on the stock in a report on Friday, October 20th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $124.36.

Shares of Philip Morris International (PM) traded up $0.12 during trading hours on Thursday, hitting $100.51. The stock had a trading volume of 339,609 shares, compared to its average volume of 5,429,403. Philip Morris International has a 52 week low of $96.66 and a 52 week high of $123.55. The firm has a market capitalization of $155,930.00, a price-to-earnings ratio of 25.94, a PEG ratio of 1.92 and a beta of 0.85. The company has a debt-to-equity ratio of -2.91, a quick ratio of 0.68 and a current ratio of 1.13.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. During the same quarter last year, the business posted $1.10 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. analysts predict that Philip Morris International will post 4.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Wednesday, December 20th. Philip Morris International’s dividend payout ratio is 110.59%.

Institutional investors and hedge funds have recently modified their holdings of the business. Doliver Capital Advisors LP boosted its holdings in Philip Morris International by 8.1% during the third quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock worth $3,303,000 after buying an additional 2,242 shares during the last quarter. Hourglass Capital LLC boosted its holdings in Philip Morris International by 0.9% during the second quarter. Hourglass Capital LLC now owns 76,258 shares of the company’s stock worth $8,957,000 after buying an additional 650 shares during the last quarter. WFG Advisors LP boosted its holdings in Philip Morris International by 30.1% during the second quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock worth $1,498,000 after buying an additional 2,951 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in Philip Morris International by 28.0% during the second quarter. Wedbush Securities Inc. now owns 18,832 shares of the company’s stock worth $2,212,000 after buying an additional 4,123 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Philip Morris International by 1.0% during the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock worth $661,401,000 after buying an additional 58,900 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

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Philip Morris International Company Profile

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.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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