Posted by admin on May 18th, 2022

Philip Morris International Inc. (NYSE:PM – Get Rating) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 9,560,000 shares, a decrease of 14.0% from the April 15th total of 11,110,000 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 6,470,000 shares, the days-to-cover ratio is presently 1.5 days.

A number of research analysts have recently weighed in on the company. UBS Group increased their price target on Philip Morris International from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, February 17th. Bank of America increased their price target on Philip Morris International from $107.00 to $117.00 in a research note on Sunday, April 24th. Stifel Nicolaus cut their price target on Philip Morris International from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, March 25th. Morgan Stanley increased their price target on Philip Morris International from $104.00 to $112.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Finally, StockNews.com initiated coverage on shares of Philip Morris International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $112.00.

PM stock opened at $106.30 on Wednesday. The business’s 50-day moving average price is $98.27 and its two-hundred day moving average price is $97.83. The firm has a market cap of $164.78 billion, a PE ratio of 18.39, a P/E/G ratio of 3.77 and a beta of 0.66. Philip Morris International has a 1-year low of $85.64 and a 1-year high of $112.48.

Philip Morris International (NYSE:PM – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.08. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same quarter last year, the business posted $1.57 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Philip Morris International will post 5.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 12th. Shareholders of record on Thursday, March 24th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Wednesday, March 23rd. Philip Morris International’s dividend payout ratio is 86.51%.

In other Philip Morris International news, insider Wilde Frederic De sold 29,941 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $108.49, for a total transaction of $3,248,299.09. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new stake in shares of Philip Morris International in the third quarter valued at about $26,000. Tcwp LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at about $26,000. Bivin & Associates Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $27,000. PSI Advisors LLC acquired a new stake in shares of Philip Morris International in the third quarter valued at about $28,000. Finally, Sandy Cove Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at about $28,000. 74.78% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Company Profile (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

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