Philip Morris International Inc (NYSE:PM) – Investment analysts at Jefferies Group raised their FY2017 earnings per share estimates for shares of Philip Morris International in a report issued on Thursday. Jefferies Group analyst O. Bennett now forecasts that the company will post earnings per share of $4.88 for the year, up from their previous estimate of $4.82. Jefferies Group has a “Hold” rating and a $116.00 price objective on the stock. Jefferies Group also issued estimates for Philip Morris International’s FY2019 earnings at $5.98 EPS.
Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.09). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the company posted $1.15 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year.
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A number of other equities research analysts have also weighed in on PM. Piper Jaffray Companies set a $135.00 price objective on Philip Morris International and gave the company a “buy” rating in a report on Sunday. SBG Securities raised Philip Morris International from a “sell” rating to a “hold” rating and lifted their price objective for the company from $118.00 to $119.00 in a report on Friday, August 11th. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a report on Saturday, June 24th. BidaskClub lowered Philip Morris International from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Philip Morris International in a report on Sunday, September 24th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Buy” and an average price target of $126.00.
Philip Morris International (NYSE PM) traded down 0.11% during trading on Monday, hitting $112.53. 258,553 shares of the company’s stock traded hands. The company has a market cap of $174.78 billion, a PE ratio of 24.93 and a beta of 0.93. The company’s 50 day moving average price is $114.61 and its 200 day moving average price is $115.81. Philip Morris International has a 52-week low of $86.78 and a 52-week high of $123.55.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Wednesday, September 27th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.80%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. The ex-dividend date was Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 94.90%.
In other news, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total transaction of $1,624,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Perpetual Ltd acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $1,867,000. MPS Loria Financial Planners LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $379,000. Frontier Investment Mgmt Co. acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $268,000. W. E. Donoghue & Co. LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $15,605,000. Finally, Intl Fcstone Inc. acquired a new stake in shares of Philip Morris International during the 2nd quarter valued at approximately $2,201,000. Institutional investors own 72.00% of the company’s stock.
About Philip Morris International
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.
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