Philip Morris International Inc. (NYSE:PM) – Equities researchers at Piper Jaffray Companies raised their Q1 2019 earnings per share estimates for Philip Morris International in a research note issued on Sunday, December 2nd. Piper Jaffray Companies analyst M. Lavery now forecasts that the company will post earnings per share of $1.09 for the quarter, up from their previous estimate of $1.08. Piper Jaffray Companies currently has a “Buy” rating and a $110.00 price target on the stock.
PM has been the topic of several other research reports. Sanford C. Bernstein started coverage on Philip Morris International in a research report on Tuesday, October 16th. They issued an “outperform” rating and a $97.00 price target on the stock. ValuEngine upgraded Philip Morris International from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Friday, August 24th. Citigroup boosted their price target on Philip Morris International from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $95.73.
Shares of PM stock opened at $85.29 on Wednesday. The stock has a market capitalization of $132.80 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.96 and a beta of 0.60. Philip Morris International has a 52-week low of $76.21 and a 52-week high of $111.25.
Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.16. Philip Morris International had a negative return on equity of 78.80% and a net margin of 8.20%. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the previous year, the business earned $1.27 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Shine Investment Advisory Services Inc. increased its position in Philip Morris International by 90.7% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 1,245 shares of the company’s stock worth $101,000 after purchasing an additional 592 shares during the period. Landaas & Co. WI ADV acquired a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $106,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $108,000. Vectors Research Management LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter worth approximately $128,000. Finally, Westbourne Investment Advisors Inc. acquired a new stake in shares of Philip Morris International in the 3rd quarter worth approximately $148,000. Institutional investors own 73.32% of the company’s stock.
In related news, Director Louis C. Camilleri sold 59,495 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $86.98, for a total value of $5,174,875.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.22% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, December 20th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.35%. The ex-dividend date is Wednesday, December 19th. Philip Morris International’s dividend payout ratio (DPR) is presently 92.49%.
Philip Morris International Company Profile
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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