Philip Morris International (NYSE:PM) had its price target dropped by investment analysts at Morgan Stanley from $94.00 to $86.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 5.02% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a research note on Friday, May 17th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Citigroup lifted their price target on Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $92.00.
Shares of PM stock opened at $81.89 on Friday. The stock has a market cap of $126.42 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. The stock has a fifty day moving average price of $79.08. Philip Morris International has a 1 year low of $64.67 and a 1 year high of $92.74.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 18th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.10. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. Equities research analysts forecast that Philip Morris International will post 5.14 EPS for the current year.
In other news, insider Mario Masseroli sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $84.32, for a total transaction of $101,184.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Louis C. Camilleri sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $83.54, for a total value of $5,847,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 4,000 shares of company stock worth $331,705. 0.21% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Capital Wealth Management LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth approximately $234,000. Municipal Employees Retirement System of Michigan acquired a new position in Philip Morris International in the fourth quarter valued at approximately $5,362,000. Keystone Financial Group lifted its holdings in Philip Morris International by 1.0% in the first quarter. Keystone Financial Group now owns 16,521 shares of the company’s stock valued at $1,460,000 after acquiring an additional 165 shares during the last quarter. Avalon Advisors LLC lifted its holdings in Philip Morris International by 5,917.2% in the fourth quarter. Avalon Advisors LLC now owns 1,250,502 shares of the company’s stock valued at $83,484,000 after acquiring an additional 1,229,720 shares during the last quarter. Finally, Aviance Capital Management LLC acquired a new position in Philip Morris International in the fourth quarter valued at approximately $2,333,000. Institutional investors and hedge funds own 73.50% of the company’s stock.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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