Philip Morris International Inc. (NYSE:PM) issued its quarterly earnings results on Tuesday. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The business earned $6.98 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Philip Morris International had a negative return on equity of 57.28% and a net margin of 8.84%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 earnings per share. Philip Morris International updated its FY16 guidance to $4.53-4.58 EPS.

Shares of Philip Morris International (NYSE:PM) opened at 96.56 on Wednesday. Philip Morris International has a 52 week low of $83.27 and a 52 week high of $104.20. The company has a market capitalization of $149.80 billion, a price-to-earnings ratio of 23.10 and a beta of 0.95. The company’s 50 day moving average price is $98.57 and its 200-day moving average price is $99.62.

Earnings History for Philip Morris International (NYSE:PM)

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 13th. Investors of record on Wednesday, September 28th were paid a dividend of $1.04 per share. 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 4.31%. The ex-dividend date was Monday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 99.52%.

A number of brokerages have commented on PM. Goldman Sachs Group Inc. restated a “buy” rating and issued a $116.00 price target on shares of Philip Morris International in a research report on Saturday. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Wednesday, October 5th. Jefferies Group set a $99.00 price target on Philip Morris International and gave the stock a “hold” rating in a research report on Wednesday, October 5th. Morgan Stanley restated an “overweight” rating and issued a $110.00 price target on shares of Philip Morris International in a research report on Tuesday, September 27th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $106.00 price target on shares of Philip Morris International in a research report on Monday, September 26th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $105.63.

A number of institutional investors have recently added to or reduced their stakes in PM. 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 worth $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 worth $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 second quarter. Acropolis Investment Management LLC now owns 1,054 shares of the company’s stock worth $107,000 after buying an additional 5 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Philip Morris International during the second quarter worth $113,000. Finally, Liberty Capital Management Inc. acquired a new position in Philip Morris International during the third quarter worth $116,000. 71.15% of the stock is owned by institutional investors.

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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