Philip Morris International Inc. (NYSE:PM) – Stock analysts at Credit Agricole SA upped their FY2016 earnings per share (EPS) estimates for Philip Morris International in a research note issued on Tuesday. Credit Agricole SA analyst M. Lavery now anticipates that the firm will post earnings per share of $4.53 for the year, up from their prior forecast of $4.48. Credit Agricole SA currently has a “Outperform” rating on the stock. Credit Agricole SA also issued estimates for Philip Morris International’s FY2017 earnings at $5.05 EPS and FY2018 earnings at $5.55 EPS.

Several other analysts also recently weighed in on the company. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $116.00 price target (up previously from $114.00) on shares of Philip Morris International in a research note on Monday. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $110.00 price target on shares of Philip Morris International in a research note on Tuesday, September 27th. Vetr upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 price target on the stock in a research note on Monday, June 20th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and set a $115.00 price target on shares of Philip Morris International in a research note on Thursday, September 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $104.82.

Earnings History and Estimates for Philip Morris International (NYSE:PM)

Philip Morris International (NYSE:PM) traded down 0.2805% during mid-day trading on Wednesday, hitting $95.8304. The company had a trading volume of 2,318,074 shares. Philip Morris International has a 12 month low of $81.55 and a 12 month high of $104.20. The company has a 50-day moving average price of $99.73 and a 200 day moving average price of $99.79. The firm has a market capitalization of $148.66 billion, a P/E ratio of 22.9259 and a beta of 0.95.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, missing the 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 analysts’ expectations of $6.77 billion. During the same quarter in the prior year, the business posted $1.21 EPS.

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

Several large investors have recently bought and sold shares of the stock. Dividend Asset Capital LLC raised its position in shares of Philip Morris International by 3.0% in the first quarter. Dividend Asset Capital LLC now owns 6,948 shares of the company’s stock valued at $682,000 after buying an additional 200 shares during the last quarter. Benin Management CORP raised its position in shares of Philip Morris International by 2.0% in the first quarter. Benin Management CORP now owns 5,038 shares of the company’s stock valued at $494,000 after buying an additional 100 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Philip Morris International by 6.0% in the first quarter. GW&K Investment Management LLC now owns 263,878 shares of the company’s stock valued at $25,889,000 after buying an additional 15,026 shares during the last quarter. Hutner Daniel Ellsworth raised its position in shares of Philip Morris International by 0.4% in the first quarter. Hutner Daniel Ellsworth now owns 53,098 shares of the company’s stock valued at $5,209,000 after buying an additional 225 shares during the last quarter. Finally, Boston Advisors LLC raised its position in shares of Philip Morris International by 1.0% in the first quarter. Boston Advisors LLC now owns 10,915 shares of the company’s stock valued at $1,071,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 71.22% of the company’s stock.

About Philip Morris International

Philip Morris International Inc is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada.

5 Day Chart for NYSE:PM

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