Philip Morris International Inc. (NYSE:PM) has earned an “A-” credit rating from Morningstar. The firm’s “A-” rating indicates that the company is a low default risk. They also gave their stock a three star rating.

A number of other research analysts have also weighed in on PM. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $89.54 price objective on the stock in a research note on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Tuesday, January 19th. Zacks Investment Research reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Sunday, January 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price objective (up from $91.00) on shares of Philip Morris International in a research note on Tuesday, January 12th. Finally, Nomura raised shares of Philip Morris International from a “reduce” rating to a “neutral” rating and raised their price objective for the company from $87.42 to $88.00 in a research note on Monday, November 30th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $88.45.

Other hedge funds and institutional investors recently modified their holdings of the company. Jennison Associates bought a new position in shares of Philip Morris International during the third quarter worth about $86,157,000. ING Groep increased its stake in Philip Morris International by 592.0% in the third quarter. ING Groep now owns 759,732 shares of the company’s stock worth $60,270,000 after buying an additional 649,947 shares in the last quarter. Eagle Asset Management acquired a new stake in Philip Morris International during the third quarter worth $5,814,000. Centre Asset Management increased its stake in Philip Morris International by 737.4% in the fourth quarter. Centre Asset Management now owns 57,950 shares of the company’s stock worth $5,094,000 after buying an additional 51,030 shares in the last quarter. Finally, KBC Group increased its stake in Philip Morris International by 7.3% in the third quarter. KBC Group now owns 194,207 shares of the company’s stock worth $15,407,000 after buying an additional 13,195 shares in the last quarter.

Shares of Philip Morris International (NYSE:PM) opened at 86.87 on Friday. Philip Morris International has a 12-month low of $75.27 and a 12-month high of $90.27. The company’s 50-day moving average is $87.91 and its 200-day moving average is $84.91. The stock has a market cap of $134.59 billion and a P/E ratio of 18.69.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 8th. Shareholders of record on Wednesday, December 23rd were given a dividend of $1.02 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $0.85. This represents a $4.08 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Monday, December 21st.

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

12 Month Chart for NYSE:PM

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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