Philip Morris International Inc (NYSE:PM) – Stock analysts at Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for Philip Morris International in a report issued on Friday. Jefferies Group analyst O. Bennett now expects that the company will earn $4.72 per share for the year, down from their previous forecast of $4.73. Jefferies Group currently has a “Hold” rating and a $114.00 target price on the stock. Jefferies Group also issued estimates for Philip Morris International’s FY2018 earnings at $5.17 EPS, FY2019 earnings at $5.68 EPS and FY2020 earnings at $5.68 EPS.

Several other brokerages have also recently weighed in on PM. Piper Jaffray Companies set a $130.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Thursday, November 16th. Societe Generale upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Citigroup Inc. reaffirmed a “neutral” rating and set a $125.00 price objective (down from $128.00) on shares of Philip Morris International in a research note on Monday, July 24th. Finally, Bank of America Corporation dropped their price objective on shares of Philip Morris International from $124.00 to $121.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $124.23.

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Shares of Philip Morris International (NYSE:PM) opened at $102.54 on Monday. Philip Morris International has a 1 year low of $86.78 and a 1 year high of $123.55. The firm has a market cap of $159,530.00, a price-to-earnings ratio of 22.86, a P/E/G ratio of 2.07 and a beta of 0.91. The company has a debt-to-equity ratio of -2.91, a current ratio of 1.13 and a quick ratio of 0.68.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.11). Philip Morris International had a negative return on equity of 67.59% and a net margin of 9.32%. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis.

In related news, Chairman Louis C. Camilleri sold 108,979 shares of Philip Morris International stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Drago Azinovic sold 14,000 shares of Philip Morris International stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $116.00, for a total value of $1,624,000.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Guidant Wealth Advisors raised its holdings in shares of Philip Morris International by 25.5% in the second quarter. Guidant Wealth Advisors now owns 939 shares of the company’s stock valued at $110,000 after acquiring an additional 191 shares in the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Philip Morris International in the first quarter valued at about $114,000. Vantage Investment Advisors LLC raised its holdings in shares of Philip Morris International by 1.0% in the second quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after acquiring an additional 10 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in shares of Philip Morris International by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 1,045 shares of the company’s stock valued at $123,000 after acquiring an additional 5 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. raised its holdings in shares of Philip Morris International by 399.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 1,203 shares of the company’s stock valued at $134,000 after acquiring an additional 962 shares in the last quarter. Hedge funds and other institutional investors own 72.90% of the company’s stock.

Philip Morris International Company Profile

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

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

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