Philip Morris International Inc (PM) Downgraded to “Buy” at BidaskClub

BidaskClub downgraded shares of Philip Morris International Inc (NYSE:PM) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

A number of other equities analysts also recently commented on the stock. Vetr raised shares of Philip Morris International from a sell rating to a hold rating and set a $108.70 price objective for the company in a research note on Wednesday, April 26th. Jefferies Group LLC reissued a hold rating and issued a $104.00 price objective on shares of Philip Morris International in a research note on Friday, March 24th. Barclays PLC boosted their price objective on shares of Philip Morris International from $108.00 to $135.00 and gave the stock an overweight rating in a research note on Wednesday, March 29th. Zacks Investment Research downgraded shares of Philip Morris International from a buy rating to a hold rating in a research note on Monday, April 24th. Finally, Stifel Nicolaus reissued a buy rating and issued a $118.00 price objective on shares of Philip Morris International in a research note on Sunday, April 23rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Philip Morris International currently has an average rating of Buy and a consensus target price of $119.62.

Shares of Philip Morris International (NYSE:PM) traded up 0.914% on Tuesday, hitting $119.775. The stock had a trading volume of 1,063,979 shares. The company has a 50-day moving average of $115.54 and a 200-day moving average of $105.17. Philip Morris International has a 52-week low of $86.78 and a 52-week high of $122.90. The company has a market cap of $186.03 billion, a P/E ratio of 26.511 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.47 billion. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. On average, equities analysts anticipate that Philip Morris International will post $4.90 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd will be issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 92.04%.

Large investors have recently made changes to their positions in the stock. Gradient Investments LLC raised its stake in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the period. Welch Investments LLC bought a new stake in shares of Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. bought a new stake in shares of Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC bought a new stake in shares of Philip Morris International during the first quarter worth $117,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of Philip Morris International by 151.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,080 shares of the company’s stock worth $122,000 after buying an additional 650 shares during the period. 73.48% of the stock is currently owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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