Shares of Philip Morris International Inc. (NYSE:PM) have been assigned an average rating of “Hold” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $92.08.

Several analysts recently weighed in on PM shares. Citigroup lifted their price objective on Philip Morris International from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 21st. Piper Jaffray Companies set a $99.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a report on Wednesday, October 10th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Societe Generale set a $95.00 target price on shares of Philip Morris International and gave the stock a “hold” rating in a report on Monday, October 22nd. Finally, ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Thursday, October 18th.

In other news, Director Louis C. Camilleri sold 59,495 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $86.98, for a total transaction of $5,174,875.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in Philip Morris International by 25.1% in the third quarter. Thrivent Financial for Lutherans now owns 181,402 shares of the company’s stock valued at $14,791,000 after buying an additional 36,357 shares during the last quarter. Schroder Investment Management Group boosted its position in Philip Morris International by 53.0% in the third quarter. Schroder Investment Management Group now owns 5,916,842 shares of the company’s stock valued at $482,460,000 after buying an additional 2,048,754 shares during the last quarter. Zacks Investment Management boosted its position in Philip Morris International by 7.4% in the 2nd quarter. Zacks Investment Management now owns 527,234 shares of the company’s stock worth $42,569,000 after purchasing an additional 36,303 shares in the last quarter. First Foundation Advisors boosted its position in Philip Morris International by 6.4% in the 3rd quarter. First Foundation Advisors now owns 399,496 shares of the company’s stock worth $32,575,000 after purchasing an additional 23,947 shares in the last quarter. Finally, Bristol Advisors LLC purchased a new stake in Philip Morris International in the 3rd quarter worth approximately $212,000. Hedge funds and other institutional investors own 72.70% of the company’s stock.

Shares of PM traded up $1.35 during trading hours on Friday, reaching $69.50. 7,147,726 shares of the company traded hands, compared to its average volume of 7,124,387. The firm has a market capitalization of $105.57 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.47 and a beta of 0.86. Philip Morris International has a 12-month low of $64.67 and a 12-month high of $111.25.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.16. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.16 billion. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 earnings per share. As a group, equities analysts forecast that Philip Morris International will post 5.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Thursday, December 20th were issued a dividend of $1.14 per share. The ex-dividend date was Wednesday, December 19th. This represents a $4.56 annualized dividend and a dividend yield of 6.56%. Philip Morris International’s dividend payout ratio (DPR) is currently 92.49%.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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Analyst Recommendations for Philip Morris International (NYSE:PM)

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