Philip Morris International Inc. (NYSE:PM) – Stock analysts at Jefferies Group decreased their FY2016 earnings estimates for shares of Philip Morris International in a research report issued to clients and investors on Thursday. Jefferies Group analyst O. Bennett now anticipates that the firm will earn $4.46 per share for the year, down from their previous estimate of $4.53. Jefferies Group currently has a “Hold” rating and a $101.00 price target on the stock.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 18th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.02. The business earned $6.98 billion during the quarter, compared to analyst estimates of $7.01 billion. Philip Morris International had a negative return on equity of 59.94% and a net margin of 8.77%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share.

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

A number of other research firms also recently issued reports on PM. Goldman Sachs Group Inc. upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $106.00 to $114.00 in a research report on Monday, September 12th. Zacks Investment Research upgraded shares of 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. Vetr upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, September 13th. Finally, Citigroup Inc. started coverage on shares of Philip Morris International in a research report on Tuesday, September 13th. They set a “neutral” rating and a $106.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.57.

Philip Morris International (NYSE:PM) traded down 0.8472% during midday trading on Friday, hitting $88.5137. The stock had a trading volume of 2,462,787 shares. Philip Morris International has a 12-month low of $84.46 and a 12-month high of $104.20. The stock has a 50-day moving average price of $94.96 and a 200 day moving average price of $98.82. The firm has a market cap of $137.32 billion, a P/E ratio of 21.1755 and a beta of 0.91.

Several institutional investors have recently made changes to their positions in PM. Glassman Wealth Services raised its position in shares of 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 period. Acropolis Investment Management LLC raised 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 valued at $107,000 after buying an additional 5 shares during the last quarter. Intersect Capital LLC raised its position in Philip Morris International by 0.3% in the second quarter. Intersect Capital LLC now owns 3,260 shares of the company’s stock valued at $332,000 after buying an additional 11 shares during the last quarter. Hudock Capital Group LLC raised its position in Philip Morris International by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,660 shares of the company’s stock valued at $372,000 after buying an additional 13 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock valued at $112,000 after buying an additional 13 shares during the last quarter. Institutional investors own 71.07% 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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