Philip Morris International Inc. (NYSE:PM) – Jefferies Group issued their Q3 2016 earnings estimates for Philip Morris International in a research report issued on Tuesday. Jefferies Group analyst O. Bennett forecasts that the brokerage will post earnings of $1.21 per share for the quarter. Jefferies Group has a “Hold” rating and a $99.00 price objective on the stock.

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

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

Several other research analysts also recently weighed in on the stock. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $116.00 target price (up from $114.00) on shares of Philip Morris International in a research report on Monday, October 3rd. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Wednesday, October 5th. Morgan Stanley reissued an “overweight” rating and issued a $110.00 target price on shares of Philip Morris International in a research report on Tuesday, September 27th. Vetr raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $105.50 target price on the stock in a research report on Monday, June 20th. Finally, Wells Fargo & Co. reissued an “outperform” rating and issued a $115.00 target price on shares of Philip Morris International in a research report on Thursday, September 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $104.82.

Philip Morris International (NYSE:PM) opened at 96.09 on Wednesday. Philip Morris International has a 52 week low of $83.27 and a 52 week high of $104.20. The stock has a 50 day moving average of $99.01 and a 200-day moving average of $99.69. The stock has a market cap of $149.07 billion, a P/E ratio of 22.99 and a beta of 0.95.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Philip Morris International by 233.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,000 shares of the company’s stock valued at $101,000 after buying an additional 700 shares during the last quarter. 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 valued at $102,000 after buying an additional 4 shares during the last quarter. Acropolis Investment Management LLC boosted its position in Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock valued at $103,000 after buying an additional 5 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Philip Morris International during the second quarter valued at approximately $113,000. Finally, Liberty Capital Management Inc. bought a new position in Philip Morris International during the third quarter valued at approximately $116,000. Hedge funds and other institutional investors own 71.22% of the company’s stock.

Philip Morris International Company Profile

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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