Why Can't Philip Morris International Catch a Break?

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The firm's 50-day moving average price is $114.38 and its 200 day moving average price is $115.78. The company has market cap of $1.96 billion. Philip Morris International Inc has a 1-year low of $86.78 and a 1-year high of $123.55.

Shares of Philip Morris sank Thursday after the company's earnings missed analysts' expectations. Price T Rowe Associate Md, a Maryland-based fund reported 1.11M shares. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. During the same period in the previous year, the business posted $1.25 EPS. For the quarter ending Mar-18, 5 analysts have a mean sales target of 7,037.64 million whilst for the year ending Dec-17, 18 analysts have a mean target of 28,624.00 million.

Philip Morris expects full-year earnings to be $4.75 to $4.80 per share.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. (PMI) Reports 2017 Third-Quarter Results ..." with publication date: "October 19, 2017. This represents a $4.28 annualized dividend and a yield of 3.80%. Philip Morris International had 40 analyst reports since August 24, 2015 according to SRatingsIntel. Philip Morris International's dividend payout ratio (DPR) is presently 94.90%.

Philip Morris International Inc (NYSE PM) opened at 112.51 on Thursday. Piper Jaffray Companies set a $135.00 price objective on shares of Philip Morris International and gave the company a "buy" rating in a research report on Sunday. Goldman Sachs upgraded the stock to "Buy" rating in Monday, September 12 report. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Analysts have placed a $125.88 price target on Philip Morris International Inc., suggesting a 11.88% gain from recent close. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.

Among 19 analysts covering Philip Morris International (NYSE:PM), 11 have Buy rating, 0 Sell and 8 Hold.

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In related news, insider Drago Azinovic sold 14,000 shares of the business's stock in a transaction dated Wednesday, August 30th. The Stock shows P/E value of 34.43 and Forward P/E of 15.2. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. (NYSE:CNS). Whittier Tru owns 0% invested in Cohen & Steers, Inc. Morgan Stanley reported 0.7% of its portfolio in Philip Morris International Inc. If you are accessing this story on another domain, it was copied illegally and reposted in violation of United States and global copyright and trademark laws. The legal version of this story can be accessed at https://stocknewstimes.com/2017/10/19/amerigo-asset-management-purchases-shares-of-1780000-philip-morris-international-inc-pm.html. It worsened, as 53 investors sold PM shares while 558 reduced holdings. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.00% as of September 29. Vanguard Group Inc. now owns 111,475,174 shares of the company's stock valued at $13,092,759,000 after buying an additional 2,972,929 shares during the period.

Sigma Planning Corp decreased its stake in Philip Morris Intl Inc (PM) by 12.93% based on its latest 2017Q2 regulatory filing with the SEC. The stock sank -2.47% last month and is up 22.98 this year. As of quarter end Capital Investment Advisors, LLC had acquired 378 shares growing its position 0.6%. FMR LLC now owns 20,919,201 shares of the company's stock worth $2,456,960,000 after purchasing an additional 2,330,864 shares in the last quarter. Legal & General Group Plc now owns 7,422,457 shares of the company's stock valued at $871,687,000 after acquiring an additional 210,869 shares during the last quarter. Wells Fargo & Company reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 10th. Swiss National Bank now owns 5,726,731 shares of the company's stock worth $646,548,000 after acquiring an additional 1,189,800 shares in the last quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company.

Breaking down Philip Morris International Inc. cigarette and heated tobacco unit shipment volume by region paints an ugly picture for the company.

The company has focused on expanding iQOS, a heat-not-burn tobacco product it says is potentially less harmful than combustible cigarettes. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.