UBS Group Raises Philip Morris International (NYSE:PM) Price Target to $105.00

Philip Morris International (NYSE:PM) had its price target hoisted by UBS Group from $103.00 to $105.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s target price indicates a potential downside of 19.98% from the stock’s current price.

A number of other brokerages have also recently weighed in on PM. Deutsche Bank Aktiengesellschaft upped their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. increased their target price on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Barclays increased their target price on Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America increased their target price on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group increased their target price on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.85.

Philip Morris International Price Performance

Shares of NYSE PM traded down $0.20 during trading hours on Wednesday, reaching $131.21. The stock had a trading volume of 2,264,766 shares, compared to its average volume of 5,351,943. The business’s fifty day moving average is $121.68 and its two-hundred day moving average is $109.12. The company has a market cap of $203.97 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.35 and a beta of 0.55. Philip Morris International has a twelve month low of $87.23 and a twelve month high of $131.97.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Sell-side analysts forecast that Philip Morris International will post 6.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction 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 sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. This trade 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 other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction 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 sale, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. This trade 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. Also, insider Massimo Andolina sold 9,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Philip Morris International

Several large investors have recently made changes to their positions in PM. Brookstone Capital Management increased its position in shares of Philip Morris International by 5.4% during the first quarter. Brookstone Capital Management now owns 28,607 shares of the company’s stock worth $2,621,000 after acquiring an additional 1,466 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Philip Morris International during the first quarter worth $125,000. Wealthcare Advisory Partners LLC increased its position in shares of Philip Morris International by 8.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 10,522 shares of the company’s stock worth $964,000 after acquiring an additional 848 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Philip Morris International by 3.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 226,472 shares of the company’s stock worth $20,749,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Thrive Wealth Management LLC increased its position in shares of Philip Morris International by 19.0% during the first quarter. Thrive Wealth Management LLC now owns 7,960 shares of the company’s stock worth $729,000 after acquiring an additional 1,272 shares in the last quarter. Institutional investors 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.