Philip Morris International (PM) Reaches New 1-Year Low at $75.63

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Philip Morris International Inc. (NYSE:PM) hit a new 52-week low during trading on Tuesday . The stock traded as low as $75.63 and last traded at $75.14, with a volume of 12529441 shares. The stock had previously closed at $81.40.

Several brokerages recently commented on PM. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Societe Generale set a $95.00 price target on shares of Philip Morris International and gave the stock a “hold” rating in a report on Monday, October 22nd. Citigroup boosted their price target on shares of Philip Morris International from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, October 19th. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Piper Jaffray Companies set a $110.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a report on Monday, December 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $93.92.

The company has a market capitalization of $126.54 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.60.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, October 18th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The company had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the company posted $1.27 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Equities analysts forecast that Philip Morris International Inc. will post 5.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Thursday, December 20th will be paid a dividend of $1.14 per share. The ex-dividend date is Wednesday, December 19th. This represents a $4.56 annualized dividend and a yield of 6.07%. Philip Morris International’s dividend payout ratio (DPR) is presently 92.49%.

In other news, Director Louis C. Camilleri sold 59,495 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $86.98, for a total transaction of $5,174,875.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Philip Morris International during the 2nd quarter valued at about $108,000. Vectors Research Management LLC acquired a new position in shares of Philip Morris International during the 3rd quarter valued at about $128,000. Westbourne Investment Advisors Inc. acquired a new position in shares of Philip Morris International during the 3rd quarter valued at about $148,000. Providence Capital Advisors LLC acquired a new position in shares of Philip Morris International during the 2nd quarter valued at about $155,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Philip Morris International during the 2nd quarter valued at about $183,000. 72.70% of the stock is currently owned by hedge funds and other institutional investors.

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About Philip Morris International (NYSE:PM)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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