1st Global Advisors Inc. now owns 19,259 shares of the company's stock worth $1,872,000 after buying an additional 770 shares during the period. (NYSE:PM) is set to report quarterly earnings on 4/20/2017 8:30:00 AM.
Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Finally, Greenleaf Trust boosted its stake in shares of Philip Morris International by 43.1% in the third quarter.
The consensus estimate had called for full-year EPS of $4.88 on revenues of $28.52 billion. Following the completion of the transaction, the chief executive officer now directly owns 787,671 shares of the company's stock, valued at $80,854,428.15. Asia fared the best with a 4% drop in revenue, maintaining its position as the largest sales producer among Philip Morris' four regions. (NYSE:PM) shares have seen a move of 27.09%. The stock had a trading volume of 9,706,833 shares. Cortland Associates Inc. MO raised its stake in Philip Morris International by 350.4% in the third quarter. The firm has a market cap of $176.72 billion, a P/E ratio of 25.43 and a beta of 0.94. Extending back, their 50-Day Simple Moving Average is -0.39%, looking even further back, their 200-Day Simple Moving Average stands at 11.45%.
More broadly, weakness across Philip Morris' business was unusually uniform. This is an increase of 487% compared to the typical volume of 179 put options.
Philip Morris International Inc (PM) has reported a 3.92 percent rise in profit for the quarter ended March 31, 2017. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%.
Operating income for the quarter was $2,396 million, compared with $2,473 million in the previous year period. On average, equities research analysts expect that Philip Morris International Inc. will post $4.88 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Thursday, March 23rd were paid a $1.04 dividend. That translates to a dividend yield of 3.63% at Wednesday's closing price. The ex-dividend date was Tuesday, March 21st. Philip Morris International's dividend payout ratio is now 92.86%.
TRADEMARK VIOLATION NOTICE: "Baillie Gifford & Co". Barclays PLC lifted their target price on shares of Philip Morris International from $108.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, March 29th.
While PM fell following its earnings and revenue miss, online-auction operator eBay managed to top its earnings estimates. If you are accessing this news story on another site, it was illegally copied and republished in violation of US & worldwide copyright & trademark legislation.
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A number of analysts recently weighed in on PM shares. The 12-month consensus price target was $115.53 before this report. Vetr lowered shares of Philip Morris International from a "hold" rating to a "sell" rating and set a $97.64 price objective for the company.in a research note on Monday, February 6th. Finally, Citigroup Inc restated a "buy" rating on shares of Philip Morris International in a research report on Wednesday, February 8th. Philip Morris International presently has an average rating of "Buy" and an average price target of $111.57. BlackRock Inc is the second biggest holder with 89 million shares now valued at 9.76 B million whilst Capital Research Global Investors has 74 million shares valued at 6.74 B million.
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