Philip Morris International Inc (PM) Cut to “Sell” at Vetr Inc.

Vetr downgraded shares of Philip Morris International Inc (NYSE:PM) from a hold rating to a sell rating in a research report released on Monday morning. Vetr currently has $117.88 price objective on the stock.

Several other analysts have also recently commented on PM. Jefferies Group LLC reiterated a hold rating and set a $104.00 target price on shares of Philip Morris International in a research report on Friday, March 24th. Zacks Investment Research upgraded shares of Philip Morris International from a hold rating to a buy rating and set a $126.00 target price for the company in a research report on Wednesday, March 29th. Barclays PLC upped their price objective on shares of Philip Morris International from $108.00 to $135.00 and gave the company an overweight rating in a research report on Wednesday, March 29th. Cowen and Company restated an outperform rating and issued a $120.00 price objective on shares of Philip Morris International in a research report on Wednesday, April 19th. Finally, Stifel Nicolaus restated a buy rating and issued a $118.00 price objective on shares of Philip Morris International in a research report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Philip Morris International presently has a consensus rating of Buy and a consensus target price of $120.24.

Shares of Philip Morris International (NYSE:PM) opened at 120.19 on Monday. Philip Morris International has a 1-year low of $86.78 and a 1-year high of $123.55. The stock’s 50 day moving average price is $117.00 and its 200 day moving average price is $106.36. The company has a market capitalization of $186.67 billion, a price-to-earnings ratio of 26.60 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by $0.05. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $6.47 billion. Philip Morris International had a net margin of 9.40% and a negative return on equity of 65.44%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Analysts expect that Philip Morris International will post $4.89 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Friday, June 23rd will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Wednesday, June 21st. Philip Morris International’s payout ratio is presently 92.04%.

A number of institutional investors have recently made changes to their positions in PM. Gradient Investments LLC raised its position in shares of Philip Morris International by 76.1% in the first quarter. Gradient Investments LLC now owns 986 shares of the company’s stock worth $111,000 after buying an additional 426 shares during the last quarter. Welch Investments LLC bought a new position in shares of Philip Morris International during the first quarter worth $113,000. American Beacon Advisors Inc. bought a new position in shares of Philip Morris International during the first quarter worth $114,000. Acropolis Investment Management LLC bought a new position in shares of Philip Morris International during the first quarter worth $117,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Philip Morris International by 151.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,080 shares of the company’s stock worth $122,000 after buying an additional 650 shares during the last quarter. 72.33% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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