According to Bloomberg.com, the twelve rating agencies currently monitoring the company have given shares of Philip Morris International INC (NYSE: PM) a rating of “Moderate Buy” as the consensus recommendation for the investment.
This rating was given because a “Moderate Buy” is considered to be between a “Strong Buy” and a “Buy.” One of the equity research analysts has suggested that investors sell the stock, while another three believe that investors should continue to hold onto it, and the remaining six believe that investors should buy it.
Most brokerages that have updated their stock coverage in the most recent year are projecting a price goal of $109.73 per year.
Various professionals working in the equity industry have recently provided commentary on PM stock.
In a research note made public on Monday, February 13, JPMorgan Chase & Co indicated that they have a “neutral” rating on Philip Morris International and have lifted their target price for the company from $95.00 to $109.00.
Additionally, they stated that they had increased their target price for the firm from $95.00 to $109.00. Jefferies Financial Group moved their rating on Philip Morris International from “hold” to “buy” and increased their price target for the stock from $80.00 to $118.00 in a research note published on Thursday, January 19. On Tuesday, December 13, Citigroup reaffirmed a “neutral” rating on shares of Philip Morris International and set a price objective of $109.00 for the stock.
Additionally, the firm provided an update on its price objective for the stock.
In a research note published on March 1, UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $106.00 to $116.00.
Additionally, they raised their target price for the stock from $106.00 to $116.00.
In addition, they increased the price they anticipated the stock would reach. StockNews.com has begun covering Philip Morris International and announced its intention to do so in a research note that was published on Thursday.
This concludes the news but isn’t the least important part.
They recommended that shareholders “hold” their shares of the company.
When trading started on Friday, one share of Philip Morris International was valued at $94.79 per share.
The company has a beta value of 0.69, a market capitalization currently at $146.95 billion, a price-to-earnings ratio of 16.32, and a P/E growth ratio of 3.06.
The stock’s moving average over the past 50 days is $100.69, and its moving average over the past 200 days is $96.75, respectively.
Philip Morris International hit a one-year low of $82.85 in the previous year, while the company reached a one-year high of $109.81 in the previous year.
Publication of the quarterly results report for Philip Morris International (NYSE: PM) took place on February 9 of this year. For the quarter, the company reported $1.39 per share (EPS) earnings, $0.10 more than the consensus estimate of $1.29 per share.
The company announced that its revenue for the quarter was $8.15 billion, which was considerably higher than the $7.54 billion analysts had anticipated the company would report.
Philip Morris International had a net margin of 11.22 percent, and the company had a return on equity that was negative 127.24% of the time.
Philip Morris International experienced an increase in revenue that was 6% higher annually.
The company reported $1.35 per share earnings during the prior year’s financial year. Stock and share market analysts anticipate that Philip Morris International will generate $6.29 per share earnings this year.
In addition, the corporation just recently announced a quarterly dividend planned to be distributed on April 11.
Investors who still owned company shares as of March 23 will be eligible to receive a dividend payment of $1.27 per share.
This payment will be made to investors who still own company shares.
In addition to the dividend yield of 5.36% per quarter, this results in an annual payout of $5.08 per share, which is the dividend payout. On March 22, a decision will be made regarding whether or not this dividend will be distributed to shareholders.
It has been determined that Philip Morris International’s dividend payout ratio, also known as the DPR, is 87.44%.
Werner Barth, an employee of the company, sold 8,000 shares of the company’s stock on March 2. Werner Barth was not the only employee who made this transaction.
The stock sale resulted in total revenue of $786,800.00, equating to $98.35 for each purchased share. Following the successful completion of the transaction, the insider now directly owns 87,321 shares of the company.
The value of these shares is $8,588,020.35 in total. You can find a document that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. Werner Barth, an employee of the company, sold 8,000 shares of the company’s stock on March 2. Werner Barth was not the only employee who made this transaction.
The stock sale resulted in total revenue of $786,800.00, equating to $98.35 for each purchased share. Following the successful completion of the transaction, the insider now directly owns 87,321 shares of the company.
The value of these shares is $8,588,020.35 in total. You can find a document that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website.
Additionally, company insider Stacey Kennedy sold 8,756 shares of the company’s stock on February 10. On average, each share was purchased for a price of $101.31, which resulted in the total cost of acquiring these shares being $887,070.36.
As a result of the purchase, the company insider now has a total of 47,731 shares, with an estimated value of $4,835,627.61.
Disclosures related to the sale might be found in this website section.
Insiders of the company have sold 117,064 shares of company stock over the past three months, bringing in total revenue of $11,738,763 for their efforts.
These transactions account for 0.13 percent of the total shares currently outstanding in the company.
Recently, institutional investors and hedge funds have increased the proportion of the company’s holdings that they own.
This increase occurred simultaneously across multiple holdings.
During the company’s fourth quarter of business, Riverpoint Wealth Management Holdings LLC made a cash investment of $25,000.
Philip Morris International was the recipient of this investment.
A new investment of $29,000 was made in Philip Morris International by Red Tortoise LLC during the final three months of the year 2018. Optiver Holding B.V.
Made a new investment in Philip Morris International during the fourth quarter of 2018, worth $29,000.
In the final quarter of 2018, Winch Advisory Services LLC increased the number of Philip Morris International shares by a factor of 200.0%. Winch Advisory Services LLC now has 294 shares of the company, each worth $30,000, thanks to a series of purchases that have resulted in the acquisition of an additional 196 shares over time.
In conclusion, Mark Sheptoff Financial Planning LLC invested in Philip Morris International in the amount of $25,000 during the third quarter of 2018.
Institutional investors and hedge funds own most of the company’s shares, which account for 75.5% of the total.