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.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on PM shares. Jefferies Financial Group decreased their price target on Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. Morgan Stanley raised their price objective on Philip Morris International from $104.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, April 22nd. Bank of America raised their price objective on Philip Morris International from $107.00 to $117.00 in a research report on Sunday, April 24th. Finally, StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Tuesday, July 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $110.33.
Philip Morris International Trading Down 0.5 %
NYSE:PM opened at $101.17 on Thursday. The stock has a market cap of $156.83 billion, a P/E ratio of 17.38, a PEG ratio of 3.72 and a beta of 0.62. The stock has a 50 day simple moving average of $97.46 and a 200 day simple moving average of $99.97. Philip Morris International has a 1-year low of $85.64 and a 1-year high of $112.48.
Philip Morris International (NYSE:PM - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.48 earnings per share 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 quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. As a group, sell-side analysts forecast that Philip Morris International will post 5.95 EPS for the current year.
Philip Morris International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.94%. The ex-dividend date was Thursday, June 30th. Philip Morris International's payout ratio is presently 85.91%.