Deutsche Bank Aktiengesellschaft Raises Philip Morris International (NYSE:PM) Price Target to $135.00

Philip Morris International (NYSE:PM) had its target price boosted by Deutsche Bank Aktiengesellschaft from $118.00 to $135.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

PM has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on Philip Morris International from $110.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, July 25th. Bank of America upped their target price on Philip Morris International from $125.00 to $139.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Barclays upped their target price on Philip Morris International from $130.00 to $145.00 and gave the stock an overweight rating in a research report on Monday, September 9th. Stifel Nicolaus upped their target price on Philip Morris International from $120.00 to $138.00 and gave the stock a buy rating in a research report on Wednesday, September 4th. Finally, UBS Group upped their target price on Philip Morris International from $95.00 to $105.00 and gave the stock a sell rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $121.45.

Philip Morris International Trading Down 1.0 %

NYSE:PM opened at $118.35 on Tuesday. The firm has a market capitalization of $183.98 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.37 and a beta of 0.55. Philip Morris International has a 1-year low of $87.23 and a 1-year high of $128.22. The business’s fifty day moving average price is $120.36 and its 200 day moving average price is $106.28.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The firm had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. Philip Morris International’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 earnings per share. Equities analysts forecast that Philip Morris International will post 6.45 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.56%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 105.47%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total value of $1,038,150.00. Following the sale, the insider now owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Institutional Trading of Philip Morris International

Several institutional investors have recently modified their holdings of the company. Apella Capital LLC grew its holdings in shares of Philip Morris International by 14.7% during the 3rd quarter. Apella Capital LLC now owns 2,963 shares of the company’s stock worth $354,000 after purchasing an additional 380 shares in the last quarter. Farmers Trust Co. grew its holdings in shares of Philip Morris International by 1.6% during the 3rd quarter. Farmers Trust Co. now owns 43,577 shares of the company’s stock worth $5,290,000 after purchasing an additional 687 shares in the last quarter. Czech National Bank grew its holdings in shares of Philip Morris International by 6.9% during the 3rd quarter. Czech National Bank now owns 316,729 shares of the company’s stock worth $38,451,000 after purchasing an additional 20,494 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Philip Morris International by 0.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 39,337 shares of the company’s stock worth $4,776,000 after purchasing an additional 176 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its holdings in shares of Philip Morris International by 0.6% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 18,187 shares of the company’s stock worth $2,208,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

About Philip Morris International

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.