Philip Morris International (PM) Downgraded by ValuEngine

ValuEngine cut shares of Philip Morris International (NYSE:PM) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

PM has been the subject of several other research reports. Piper Jaffray reissued an overweight rating and set a $137.00 target price (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Zacks Investment Research downgraded Philip Morris International from a hold rating to a sell rating in a research note on Wednesday, April 11th. TheStreet downgraded Philip Morris International from a b- rating to a c+ rating in a research note on Tuesday, March 20th. Citigroup lowered their target price on Philip Morris International from $117.00 to $114.00 and set a neutral rating for the company in a research note on Tuesday, January 16th. Finally, Jefferies Group raised Philip Morris International from a hold rating to a buy rating and set a $124.00 target price for the company in a research note on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $118.29.

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Shares of NYSE PM opened at $84.27 on Thursday. The company has a debt-to-equity ratio of -2.82, a current ratio of 1.16 and a quick ratio of 0.80. The stock has a market cap of $130,890.69, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86. Philip Morris International has a 12 month low of $83.50 and a 12 month high of $123.55.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 EPS. sell-side analysts predict that Philip Morris International will post 5.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Wednesday, March 21st. Philip Morris International’s dividend payout ratio (DPR) is currently 86.82%.

In related news, CEO Andre Calantzopoulos sold 49,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total value of $5,079,340.00. Following the sale, the chief executive officer now directly owns 792,765 shares in the company, valued at $82,178,019.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total value of $1,428,199.50. Following the completion of the sale, the insider now owns 189,199 shares in the company, valued at $19,795,891.37. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its stake in Philip Morris International by 14.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 156,885 shares of the company’s stock valued at $16,575,000 after buying an additional 19,393 shares during the period. Certified Advisory Corp acquired a new position in Philip Morris International in the fourth quarter valued at approximately $130,000. Ackerman Capital Advisors LLC acquired a new position in Philip Morris International in the fourth quarter valued at approximately $229,000. Fairfield Bush & CO. lifted its stake in Philip Morris International by 1.0% in the fourth quarter. Fairfield Bush & CO. now owns 53,498 shares of the company’s stock valued at $5,652,000 after buying an additional 553 shares during the period. Finally, D.B. Root & Company LLC acquired a new position in Philip Morris International in the fourth quarter valued at approximately $958,000. Institutional investors and hedge funds own 72.18% of the company’s stock.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Philip Morris International (NYSE:PM)

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