Weekly Investment Analysts’ Ratings Changes for Philip Morris International (PM)

Philip Morris International (NYSE: PM) recently received a number of ratings updates from brokerages and research firms:

• 10/30/2024 – Philip Morris International had its price target raised by analysts at Barclays PLC from $145.00 to $155.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Philip Morris International had its price target raised by analysts at UBS Group AG from $103.00 to $105.00. They now have a “sell” rating on the stock.
• 10/23/2024 – Philip Morris International had its price target raised by analysts at JPMorgan Chase & Co. from $125.00 to $145.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Philip Morris International had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $145.00 price target on the stock, up previously from $138.00.
• 10/15/2024 – Philip Morris International had its price target lowered by analysts at UBS Group AG from $105.00 to $103.00. They now have a “sell” rating on the stock.
• 10/8/2024 – Philip Morris International had its price target raised by analysts at Citigroup Inc. from $118.50 to $132.00. They now have a “buy” rating on the stock.
• 10/1/2024 – Philip Morris International had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $118.00 to $135.00. They now have a “buy” rating on the stock.
• 9/26/2024 – Philip Morris International had its price target raised by analysts at The Goldman Sachs Group, Inc. from $126.00 to $140.00. They now have a “buy” rating on the stock.
• 9/9/2024 – Philip Morris International had its price target raised by analysts at UBS Group AG from $95.00 to $105.00. They now have a “sell” rating on the stock.
• 9/9/2024 – Philip Morris International had its price target raised by analysts at Barclays PLC from $130.00 to $145.00. They now have an “overweight” rating on the stock.

Philip Morris International Stock Up 1.0 %

PM traded up $1.26 during midday trading on Tuesday, reaching $131.59. The company had a trading volume of 508,032 shares, compared to its average volume of 5,338,693. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15. The company has a market cap of $204.60 billion, a P/E ratio of 20.89, a P/E/G ratio of 2.28 and a beta of 0.54. The business has a 50-day moving average of $123.88 and a two-hundred day moving average of $111.75.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same period last year, the firm posted $1.67 EPS. The company’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.10%. Philip Morris International’s dividend payout ratio is 85.71%.

Insiders Place Their Bets

In other news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares in the company, valued at approximately $9,877,305.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the sale, the chairman now directly owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,418 shares of company stock valued at $15,247,052 over the last three months. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Nordea Investment Management AB increased its stake in Philip Morris International by 4.8% during the 1st quarter. Nordea Investment Management AB now owns 76,889 shares of the company’s stock valued at $7,061,000 after purchasing an additional 3,525 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Philip Morris International in the 1st quarter valued at $8,991,000. TFB Advisors LLC purchased a new position in Philip Morris International in the 1st quarter worth $254,000. Catalina Capital Group LLC acquired a new stake in Philip Morris International during the 1st quarter worth about $355,000. Finally, Richardson Financial Services Inc. grew its stake in Philip Morris International by 8.6% during the 1st quarter. Richardson Financial Services Inc. now owns 2,504 shares of the company’s stock valued at $230,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

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.