Philip Morris International Inc. (NYSE:PM) issued an update on its FY16 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.53-4.58 for the period, compared to the Thomson Reuters consensus estimate of $4.55.

Shares of Philip Morris International Inc. (NYSE:PM) opened at 95.51 on Tuesday. The company has a 50 day moving average price of $98.68 and a 200-day moving average price of $99.64. Philip Morris International Inc. has a 1-year low of $83.27 and a 1-year high of $104.20. The stock has a market capitalization of $148.17 billion, a P/E ratio of 22.85 and a beta of 0.95.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.02. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. The firm had revenue of $6.98 billion for the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. Philip Morris International’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts forecast that Philip Morris International Inc. will post $4.51 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 13th. Shareholders of record on Wednesday, September 28th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, September 26th. This represents a $4.16 annualized dividend and a yield of 4.36%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.02. Philip Morris International’s dividend payout ratio is presently 99.52%.

Several analysts have issued reports on PM shares. Vetr upgraded Philip Morris International from a hold rating to a buy rating and set a $105.50 price objective on the stock in a research note on Monday, June 20th. Goldman Sachs Group Inc. restated a neutral rating and set a $105.00 price objective (up previously from $99.00) on shares of Philip Morris International in a research note on Friday, July 15th. Wells Fargo & Co. restated an outperform rating on shares of Philip Morris International in a research note on Tuesday, July 19th. Zacks Investment Research upgraded Philip Morris International from a sell rating to a hold rating in a research note on Wednesday, July 20th. Finally, SBG Securities upgraded Philip Morris International from a sell rating to a hold rating in a research note on Wednesday, July 20th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $105.63.

Large investors have recently added to or reduced their stakes in the company. M Holdings Securities Inc. boosted its stake in shares of Philip Morris International by 291.0% in the second quarter. M Holdings Securities Inc. now owns 11,661 shares of the company’s stock valued at $1,186,000 after buying an additional 8,679 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Philip Morris International by 0.8% in the second quarter. Hillsdale Investment Management Inc. now owns 6,705 shares of the company’s stock valued at $682,000 after buying an additional 55 shares during the period. Cypress Capital Group boosted its stake in shares of Philip Morris International by 1.2% in the second quarter. Cypress Capital Group now owns 82,230 shares of the company’s stock valued at $8,365,000 after buying an additional 997 shares during the period. Wunderlich Capital Managemnt boosted its stake in shares of Philip Morris International by 0.4% in the second quarter. Wunderlich Capital Managemnt now owns 14,831 shares of the company’s stock valued at $1,509,000 after buying an additional 66 shares during the period. Finally, Madison Investment Holdings Inc. boosted its stake in shares of Philip Morris International by 51.8% in the second quarter. Madison Investment Holdings Inc. now owns 13,368 shares of the company’s stock valued at $1,360,000 after buying an additional 4,562 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

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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