News stories about Philip Morris International (NYSE:PM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Philip Morris International earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.0107192589622 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Here's What's Ahead for Altria Group in 2018 (finance.yahoo.com)
- SHAREHOLDER ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Philip Morris International Inc. – PM (finance.yahoo.com)
- Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Philip Morris International Inc. – PM (finance.yahoo.com)
- What? Philip Morris Wants Out of the Cigarette Business? (finance.yahoo.com)
- On This Day In Market History: Surgeon General First Warns Of Smoking Hazard (finance.yahoo.com)
Philip Morris International (NYSE PM) opened at $104.50 on Friday. Philip Morris International has a 1-year low of $89.97 and a 1-year high of $123.55. The stock has a market cap of $162,868.86, a P/E ratio of 23.35, a P/E/G ratio of 1.90 and a beta of 0.89. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.
Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the previous year, the business posted $1.25 EPS. Philip Morris International’s revenue was up 7.4% on a year-over-year basis. analysts expect that Philip Morris International will post 4.75 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s payout ratio is 94.48%.
Several research analysts have commented on the stock. Jefferies Group decreased their price objective on shares of Philip Morris International from $120.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, October 12th. Piper Jaffray Companies set a $135.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Sunday, October 15th. Wells Fargo & Co reiterated an “outperform” rating and issued a $140.00 price target on shares of Philip Morris International in a research note on Tuesday, October 10th. Cowen reissued a “buy” rating on shares of Philip Morris International in a research report on Sunday, September 24th. Finally, Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price objective on the stock in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $124.77.
In other news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $108.38, for a total transaction of $11,811,144.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.
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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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