Philip Morris International (NYSE:PM) hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $83.09 and last traded at $83.59, with a volume of 6304617 shares. The stock had previously closed at $84.27.
PM has been the topic of a number of analyst reports. Cowen reissued a “buy” rating and set a $105.00 price target on shares of Philip Morris International in a research report on Friday. Piper Jaffray reissued a “buy” rating and set a $126.00 price target on shares of Philip Morris International in a research report on Thursday, February 8th. Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Citigroup raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Finally, Deutsche Bank initiated coverage on Philip Morris International in a research report on Tuesday, April 10th. They set a “buy” rating and a $120.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Philip Morris International presently has an average rating of “Hold” and a consensus target price of $118.29.
The firm has a market cap of $130,890.69, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of -2.82.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. Philip Morris International had a net margin of 7.50% and a negative return on equity of 72.40%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. equities research analysts predict that Philip Morris International will post 5.29 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Thursday, March 22nd were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Wednesday, March 21st. Philip Morris International’s dividend payout ratio is presently 86.82%.
In related news, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the sale, the chief executive officer now owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 189,199 shares in the company, valued at approximately $19,795,891.37. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Front Row Advisors LLC acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $118,000. Wolverine Asset Management LLC bought a new position in Philip Morris International during the 4th quarter worth $126,000. Financial Engines Advisors L.L.C. raised its position in Philip Morris International by 399.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock worth $134,000 after purchasing an additional 962 shares during the last quarter. Cerebellum GP LLC bought a new position in Philip Morris International during the 4th quarter worth $128,000. Finally, Bank of Nova Scotia Trust Co. bought a new position in Philip Morris International during the 3rd quarter worth $135,000. 72.25% of the stock is currently owned by institutional investors.
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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.
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