FY2017 EPS Estimates for Philip Morris International Inc. (PM) Increased by Analyst
Philip Morris International Inc. (NYSE:PM) – Investment analysts at Jefferies Group upped their FY2017 EPS estimates for Philip Morris International in a research report issued to clients and investors on Thursday. Jefferies Group analyst O. Bennett now forecasts that the company will earn $4.88 per share for the year, up from their previous forecast of $4.82. Jefferies Group currently 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.
Other equities analysts also recently issued reports about the company. Berenberg Bank set a $96.00 price objective on Philip Morris International and gave the company a “hold” rating in a research report on Saturday, June 24th. BidaskClub upgraded Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. SBG Securities upgraded Philip Morris International from a “sell” rating to a “hold” rating and boosted their price objective for the company from $118.00 to $119.00 in a research report on Friday, August 11th. Vetr downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 price objective on the stock. in a research report on Monday, June 19th. Finally, Zacks Investment Research downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and an average target price of $125.92.
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Philip Morris International (NYSE PM) opened at 113.99 on Monday. Philip Morris International has a 52 week low of $86.78 and a 52 week high of $123.55. The company has a market capitalization of $177.05 billion, a price-to-earnings ratio of 25.26 and a beta of 0.93. The firm has a 50-day moving average price of $114.61 and a 200-day moving average price of $115.81.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $7.11 billion. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Wednesday, September 27th were given a $1.07 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Tuesday, September 26th. Philip Morris International’s payout ratio is currently 94.90%.
In related news, insider Drago Azinovic sold 14,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of PM. Guidant Wealth Advisors increased its stake in Philip Morris International by 25.5% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock worth $110,000 after acquiring an additional 191 shares during the last quarter. Welch Investments LLC bought a new stake in Philip Morris International during the first quarter worth approximately $113,000. American Beacon Advisors Inc. bought a new stake in Philip Morris International during the first quarter worth approximately $114,000. Vantage Investment Advisors LLC increased its stake in Philip Morris International by 1.0% during the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock worth $121,000 after acquiring an additional 10 shares during the last quarter. Finally, Acropolis Investment Management LLC increased its stake in Philip Morris International by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock worth $123,000 after acquiring an additional 5 shares during the last quarter. 72.00% of the stock is currently owned by 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.
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