Trading Report: The FY2016 EPS Estimates for Philip Morris International Inc. Lifted by Analyst (PM)

The FY2016 EPS Estimates for Philip Morris International Inc. Lifted by Analyst (PM)

Philip Morris International Inc. (NYSE:PM) – Analysts at Jefferies Group increased their FY2016 earnings per share estimates for Philip Morris International in a research note issued on Wednesday. Jefferies Group analyst O. Bennett now forecasts that the firm will post earnings of $4.53 per share for the year, up from their prior estimate of $4.48. Jefferies Group has a “Hold” rating and a $99.00 price objective on the stock. Jefferies Group also issued estimates for Philip Morris International’s FY2017 earnings at $4.94 EPS, FY2018 earnings at $5.32 EPS and FY2019 earnings at $5.76 EPS.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.20 by $0.05. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the previous year, the company earned $1.21 EPS.

A number of other brokerages have also recently issued reports on PM. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Wells Fargo & Co. reissued an “outperform” rating and set a $115.00 price target on shares of Philip Morris International in a research report on Thursday, September 22nd. Goldman Sachs Group Inc. raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and raised their price target for the company from $106.00 to $114.00 in a research report on Monday, September 12th. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, September 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $110.00 price target on shares of Philip Morris International in a research report on Tuesday, September 27th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $104.82.

Philip Morris International (NYSE:PM) opened at 96.02 on Thursday. Philip Morris International has a 12 month low of $83.27 and a 12 month high of $104.20. The firm’s 50 day moving average is $99.37 and its 200-day moving average is $99.71. The firm has a market cap of $148.96 billion, a price-to-earnings ratio of 22.97 and a beta of 0.95.

A number of institutional investors have recently added to or reduced their stakes in PM. Glassman Wealth Services boosted its position in Philip Morris International by 0.4% in the second quarter. Glassman Wealth Services now owns 1,000 shares of the company’s stock worth $102,000 after buying an additional 4 shares in the last quarter. Acropolis Investment Management LLC boosted its position in Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock worth $107,000 after buying an additional 5 shares in the last quarter. Intersect Capital LLC boosted its position in Philip Morris International by 0.3% in the second quarter. Intersect Capital LLC now owns 3,260 shares of the company’s stock worth $332,000 after buying an additional 11 shares in the last quarter. Hudock Capital Group LLC boosted its position in Philip Morris International by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,660 shares of the company’s stock worth $372,000 after buying an additional 13 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its position in Philip Morris International by 0.3% in the second quarter. Moody National Bank Trust Division now owns 5,895 shares of the company’s stock worth $599,000 after buying an additional 15 shares in the last quarter. 71.22% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Wednesday, September 28th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s payout ratio is currently 99.52%.

Philip Morris International Company Profile

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