Philip Morris International (NYSE:PM) Given New $175.00 Price Target at Barclays

Philip Morris International (NYSE:PM) had its price target raised by Barclays from $145.00 to $175.00 in a research note released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. UBS Group boosted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Morgan Stanley initiated coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.56.

Philip Morris International Stock Performance

Shares of PM stock opened at $154.47 on Wednesday. Philip Morris International has a fifty-two week low of $87.82 and a fifty-two week high of $158.39. The firm has a market cap of $240.18 billion, a P/E ratio of 34.25, a P/E/G ratio of 2.65 and a beta of 0.55. The business’s 50 day moving average price is $131.64 and its 200-day moving average price is $127.29.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, equities analysts predict that Philip Morris International will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now owns 106,244 shares of the company’s stock, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,143 shares of company stock valued at $19,092,846. Insiders own 0.14% of the company’s stock.

Institutional Trading of Philip Morris International

Institutional investors have recently made changes to their positions in the stock. Yoffe Investment Management LLC bought a new position in Philip Morris International during the fourth quarter valued at approximately $590,000. LifeWealth Investments LLC purchased a new stake in Philip Morris International during the 4th quarter valued at $355,000. Capital A Wealth Management LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at $53,000. Armis Advisers LLC purchased a new position in shares of Philip Morris International in the 4th quarter worth $263,000. Finally, Garde Capital Inc. grew its holdings in shares of Philip Morris International by 79.4% in the fourth quarter. Garde Capital Inc. now owns 5,741 shares of the company’s stock worth $691,000 after acquiring an additional 2,540 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.