Philip Morris International Inc. (NYSE:PM) – Equities research analysts at Piper Jaffray Companies decreased their Q1 2020 earnings per share (EPS) estimates for Philip Morris International in a note issued to investors on Monday, May 13th. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will post earnings of $1.18 per share for the quarter, down from their previous forecast of $1.19. Piper Jaffray Companies currently has a “Buy” rating and a $100.00 price target on the stock. Piper Jaffray Companies also issued estimates for Philip Morris International’s Q4 2020 earnings at $1.47 EPS.
Several other equities research analysts have also commented on the company. ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. UBS Group upgraded Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $101.00 in a research note on Wednesday, February 27th. Jefferies Financial Group reiterated a “hold” rating and set a $80.00 price objective on shares of Philip Morris International in a research note on Sunday, February 10th. Societe Generale upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Finally, Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, February 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.85.
NYSE:PM opened at $85.51 on Thursday. Philip Morris International has a 12 month low of $64.67 and a 12 month high of $92.74. The company has a market cap of $130.22 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.10 and a beta of 0.93.
Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, April 18th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period in the previous year, the business earned $1.00 EPS. Philip Morris International’s quarterly revenue was down 2.1% on a year-over-year basis.
In other news, insider Mario Masseroli sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $84.32, for a total transaction of $101,184.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Louis C. Camilleri sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total value of $5,847,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,200 shares of company stock worth $10,186,984. Insiders own 0.21% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC acquired a new position in Philip Morris International during the fourth quarter worth $27,000. Transamerica Financial Advisors Inc. lifted its stake in Philip Morris International by 552.8% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock worth $32,000 after purchasing an additional 398 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Philip Morris International during the first quarter worth $36,000. Clean Yield Group acquired a new position in Philip Morris International during the fourth quarter worth $37,000. Finally, Claybrook Capital LLC acquired a new position in Philip Morris International during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 73.18% of the company’s stock.
Philip Morris International Company Profile
Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.
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