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.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Jefferies Financial Group lowered their target price on Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. StockNews.com raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Tuesday, July 26th. Bank of America boosted their price objective on shares of Philip Morris International from $107.00 to $117.00 in a report on Sunday, April 24th. Finally, Morgan Stanley boosted their target price on Philip Morris International from $104.00 to $112.00 and gave the stock an "overweight" rating in a research report on Friday, April 22nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $110.33.
Philip Morris International Stock Down 0.4 %
Philip Morris International stock traded down $0.37 during mid-day trading on Friday, hitting $100.13. The company's stock had a trading volume of 2,944,913 shares, compared to its average volume of 5,858,675. The stock's fifty day moving average price is $97.44 and its two-hundred day moving average price is $99.95. Philip Morris International has a twelve month low of $85.64 and a twelve month high of $112.48. The stock has a market capitalization of $155.22 billion, a P/E ratio of 17.27, a P/E/G ratio of 3.92 and a beta of 0.62.
Philip Morris International (NYSE:PM - Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.26 by $0.22. The firm had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $6.76 billion. Philip Morris International had a negative return on equity of 115.36% and a net margin of 11.05%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. Equities analysts expect that Philip Morris International will post 5.95 earnings per share for the current year.
Philip Morris International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were issued a $1.25 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $5.00 annualized dividend and a dividend yield of 4.99%. Philip Morris International's dividend payout ratio (DPR) is currently 85.91%.