Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 71 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in New York, New York.
Philip Morris International Stock Performance
NYSE:PM traded down $0.40 during trading hours on Friday, hitting $97.60. The company had a trading volume of 2,346,534 shares, compared to its average volume of 4,827,143. Philip Morris International has a 1-year low of $85.64 and a 1-year high of $112.48. The company has a market cap of $151.30 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 3.79 and a beta of 0.62. The business has a 50 day moving average of $98.48 and a 200-day moving average of $100.10.
Philip Morris International (NYSE:PM - Get Rating) last announced its earnings results on Thursday, July 21st. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.22. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts expect that Philip Morris International will post 5.99 earnings per share for the current fiscal year.
Philip Morris International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were paid a dividend of $1.25 per share. The ex-dividend date was Thursday, June 30th. This represents a $5.00 annualized dividend and a dividend yield of 5.12%. Philip Morris International's dividend payout ratio (DPR) is 85.91%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PM. Bank of America upped their price objective on Philip Morris International from $107.00 to $117.00 in a research report on Sunday, April 24th. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Tuesday, July 26th. Morgan Stanley boosted their target price on shares of Philip Morris International from $104.00 to $112.00 and gave the stock an "overweight" rating in a research note on Friday, April 22nd. Finally, Jefferies Financial Group lowered their target price on shares of Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $110.33.