News stories about Philip Morris International (NYSE:PM) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Philip Morris International earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.4369408689857 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- FDA seeks research, public input in fresh move to curb nicotine addiction (finance.yahoo.com)
- [$$] FDA Moves to Curb Nicotine in Cigarettes (finance.yahoo.com)
- Is It Time To Sell Philip Morris International Inc (NYSE:PM) Based Off Its PE Ratio? (finance.yahoo.com)
- Stock for Low Risk Taking Investors: Philip Morris International Inc. (PM) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Jefferies Group Analysts Decrease Earnings Estimates for Philip Morris International Inc. (PM) (americanbankingnews.com)
A number of research analysts have commented on the stock. Bank of America dropped their price objective on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Piper Jaffray Companies restated a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a research note on Thursday, February 8th. Citigroup upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on shares of Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $135.00 target price (down from $140.00) on shares of Philip Morris International in a research report on Wednesday, November 15th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Philip Morris International presently has a consensus rating of “Buy” and a consensus target price of $124.57.
Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. During the same period in the previous year, the company earned $1.10 EPS. Philip Morris International’s revenue was up 19.0% on a year-over-year basis. research analysts anticipate that Philip Morris International will post 5.27 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, March 21st. Philip Morris International’s payout ratio is 87.17%.
In other Philip Morris International news, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the transaction, the chief executive officer now directly owns 792,765 shares in the company, valued at approximately $82,178,019.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the completion of the transaction, the insider now owns 189,199 shares in the company, valued at $19,795,891.37. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.
Philip Morris International Company Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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