Philip Morris International Inc (NYSE:PM) – Stock analysts at Jefferies Group reduced their FY2017 EPS estimates for Philip Morris International in a research report issued on Friday, according to Zacks Investment Research. Jefferies Group analyst O. Bennett now forecasts that the company will post earnings per share of $4.72 for the year, down from their previous forecast of $4.73. Jefferies Group currently has a “Hold” rating and a $114.00 target price on the stock. Jefferies Group also issued estimates for Philip Morris International’s FY2018 earnings at $5.17 EPS, FY2019 earnings at $5.68 EPS and FY2020 earnings at $5.68 EPS.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. During the same period in the previous year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year.
Several other research analysts have also commented on the company. Piper Jaffray Companies set a $130.00 price objective on Philip Morris International and gave the stock a “buy” rating in a report on Thursday, November 16th. Wells Fargo & Company restated an “outperform” rating and issued a $135.00 target price (down previously from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Bank of America dropped their target price on Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research report on Friday, October 20th. Finally, Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $124.23.
Shares of Philip Morris International (NYSE PM) traded up $2.14 during midday trading on Monday, hitting $107.60. The stock had a trading volume of 5,108,883 shares, compared to its average volume of 4,128,810. Philip Morris International has a 52 week low of $87.90 and a 52 week high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91. The stock has a market capitalization of $162,480.55, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90.
A number of hedge funds have recently made changes to their positions in PM. AXA raised its holdings in shares of Philip Morris International by 9.4% during the third quarter. AXA now owns 492,149 shares of the company’s stock valued at $54,633,000 after acquiring an additional 42,094 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Philip Morris International by 424.8% during the third quarter. Chicago Partners Investment Group LLC now owns 2,624 shares of the company’s stock valued at $291,000 after acquiring an additional 2,124 shares in the last quarter. Institutional & Family Asset Management LLC raised its holdings in shares of Philip Morris International by 8.2% during the third quarter. Institutional & Family Asset Management LLC now owns 13,723 shares of the company’s stock valued at $1,523,000 after acquiring an additional 1,042 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Philip Morris International during the third quarter valued at approximately $3,009,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Philip Morris International by 170.2% during the third quarter. GSA Capital Partners LLP now owns 28,151 shares of the company’s stock valued at $3,125,000 after acquiring an additional 17,734 shares in the last quarter. Hedge funds and other institutional investors own 72.63% of the company’s stock.
In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.
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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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