Economy

Philip Morris Remains Firmly Negative After Initial Drop

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.

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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%.



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