Economy

Philip Morris Remains Firmly Negative After Initial Drop

Analysts forecast that Philip Morris International Inc will post $4.84 EPS for the current year. (NYSE:PM) has "Hold" rating given on Tuesday, June 20 by Jefferies. Analysts have placed a $125.88 price target on Philip Morris International Inc., suggesting a 11.88% gain from recent close. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The stock of Philip Morris International Inc. Philip Morris International Inc.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. The company now has a consensus rating of "Buy" and an average price target of $126.00.

Philip Morris International Inc (NYSE:PM) updated its FY17 earnings guidance on Thursday. Philip Morris International Inc has a 52-week low of 86.78 and a 52-week high of 123.55. The company's 50-day moving average is $114.38 and its 200 day moving average is $115.78. The company has market cap of $1.96 billion. The company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.09). Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company's revenue for the quarter was up 7.4% compared to the same quarter past year. During the same quarter in the previous year, the company posted $1.15 EPS. The company says that it expects earnings per share for the year to range from $4.75 to $4.80.

TRADEMARK VIOLATION NOTICE: This news story was first reported by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was illegally stolen and republished in violation of US & worldwide copyright and trademark law.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.80%. (NYSE:PM) were released by: Investorplace.com and their article: "Robust Quant Score Makes Philip Morris International (PM) a Buy" published on October 16, 2017 as well as Fool.com's news article titled: "Can Philip Morris recover?" with publication date: October 19, 2017.

07/24/2017 - Philip Morris International Inc had its "neutral" rating reiterated by analysts at Citigroup. Philip Morris International's dividend payout ratio is presently 94.90%.

Philip Morris shares have climbed 23 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 14 percent.

"We recorded a sequential improvement in our total volume performance, driven by both our combustible and reduced-risk products, and grew our global market share". The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The Company also owns various local cigarette brands, such as Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia. It increased, as 11 investors sold Cohen & Steers, Inc. shares while 33 reduced holdings. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Philip Morris International by 13.9% during the second quarter. Guidant Wealth Advisors now owns 939 shares of the company's stock valued at $110,000 after buying an additional 191 shares during the period.

Cigarette and heated tobacco unit shipment volume fell by 0.5% to 208.2 billion, while cigarette shipment volume declined 4.1% to 198.5 billion units.

As of quarter end Louisiana State Employees Retirement System had acquired a total of 700 shares growing its stake by 0.7%.

The results fell short of Wall Street expectations. FMR LLC grew its stake in Philip Morris International by 12.5% in the 2nd quarter. (NASDAQ:AAPL). Blair William Il holds 2.78 million shares. Swiss National Bank boosted its holdings in shares of Philip Morris International by 26.2% in the 1st quarter. Legal & General Group Plc now owns 7,422,457 shares of the company's stock valued at $871,687,000 after acquiring an additional 210,869 shares during the last quarter. Corporate insiders own 0.23% of the company's stock.

IQOS, which is Philip Morris" "heat not burn' next generation tobacco product - continued its "stellar performance", the company said. This includes shipments in the European Union and EEMA falling by more than 4%.



Like this

Latest


19 October 2017
Playboy Has Cast Their First Ever Transgender Playmate
Rau said in the Playboy announcement, "It's how I celebrated my coming out, actually". "I dated a lot and nearly forgot". The 26-year-old stunner appears in the magazine's first issue since founder Hugh Hefner passed away last month.

19 October 2017
Blue Apron to lay off 6% of workforce
The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.21). In August, Blue Apron imposed a temporary hiring freeze and fired 14 members of its recruiting team.

19 October 2017
Thousands take to the streets to protest ultra-Orthodox draft
Haredi Orthodox protesters declared a "day of rage" over the arrests of two yeshiva students charged with draft evasion. Ultra-Orthodox men are exempt from military service if they are engaged in religious study.

19 October 2017
Michele Marsh dead; longtime New York TV news anchor was 63
In her last moments, Marsh had expressed her gratitude for her family and thanked them for being there for her, Paschall said. Her son John Paschall told the Daily News , "She fought an incredible fight, and she beat all the odds against her".

19 October 2017
Apollo Global Management LLC (NYSE:APO) Institutional Investor Sentiment Trend
Cacti Asset Mgmt Ltd Llc reported 41,000 shares. 131,432 were accumulated by Group Incorporated One Trading Limited Partnership. Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 4.4, and a price to sales ratio of 0.52.

19 October 2017
Destiny 2's First Prestige Raid Now Live
Clan members even called out their use of the exploit , as you can hear (and see) at about 11 seconds into the video below. Fans have known about the glitch for a month - it has been in the game since Destiny 2 launched.

19 October 2017
Boston Scientific Corporation (NYSE:BSX) Worth Observing Stock
The analysts, on average, are forecasting a $30.83 price target, but the stock is already up 48.25% from its recent lows. Sumitomo Mitsui Asset Management Limited holds 0.08% in Boston Scientific Corporation (NYSE:BSX) or 175,182 shares.

19 October 2017
Facebook has bought more than a popular app
According to a TBH blog post, the app has been downloaded by 5 million people who have sent 1 billion messages on the platform.

19 October 2017
SUV rams into crowd in Ukraine, kills six
She did not consume alcoholic beverages, and if she is found guilty she will end up spending 10 years behind bars. The two injured, including a pregnant woman, are in critical condition, according to local healthcare officials.

19 October 2017
Celtics' Gordon Hayward expected to make 'full recovery' after gruesome injury
It hurts me that I can't be there for the home opener. "But I'll be supporting you guys from here, and wishing you the best of luck".



Recommended