Philip Morris shares sink after earnings miss, revised guidance

Cheryl Sanders
October 20, 2017

Finally, Harbour Capital Advisors LLC boosted its stake in Philip Morris International by 11,280.7% in the 2nd quarter. Comerica Bancorporation has invested 0.44% in Philip Morris International Inc. The institutional investor owned 25,085 shares of the company's stock after selling 9,350 shares during the quarter. Welch Investments LLC bought a new stake in Philip Morris International in the first quarter worth about $113,000.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Moreover, Conestoga Capital Advisors Llc has 1.93% invested in the company for 867,459 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.


COPYRIGHT VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The SEC filing shows that Camilleri Louis C performed a sale of 60,000 shares. If you are viewing this article on another site, it was copied illegally and republished in violation of USA & global copyright legislation. Philip Morris International comprises about 2.1% of Mengis Capital Management Inc.'s investment portfolio, making the stock its 14th biggest holding. (NYSE:PM) were released by: Businesswire.com and their article: "Philip Morris International Inc". The 50 day moving average went down $-5.13 or -4.50% and the 200 day average went down $-6.72 or -5.80%. Banque Pictet & Cie Sa reported 0.31% of its portfolio in Philip Morris International Inc. The company has market cap of $168.29 billion. They expect $0.34 EPS, up 78.95% or $0.15 from last year's $0.19 per share. Philip Morris International Inc. The business had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.75 billion.

André Calantzopoulos, CEO, said: "Despite pressure on profitability from adverse developments in Russian Federation and Saudi Arabia, as well as significant investments behind IQOS, which continues its stellar performance, we are on track to deliver full-year currency-neutral adjusted diluted EPS growth of approximately 9% to 10%".

In terms of earnings per share, 11 analysts have a 1.34 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 8 analysts have a 1.15 EPS mean target and for the quarter ending Mar-18 there are 20 estimates of 4.84 EPS. Investors of record on Wednesday, September 27th were paid a $1.07 dividend. Jefferies maintained the shares of PM in report on Tuesday, September 26 with "Hold" rating. This is a positive change from Philip Morris International's previous quarterly dividend of $1.04. This represents a $4.28 dividend on an annualized basis and a yield of 3.96%.


Philip Morris International Inc.is a holding company. Piper Jaffray Companies set a $134.00 price objective on Philip Morris International and gave the company a "buy" rating in a research report on Saturday, August 19th. Goldman Sachs maintained the stock with "Neutral" rating in Wednesday, April 20 report. The stock was sold at an average price of $116.00, for a total value of $1,624,000.00. Finally, BidaskClub cut shares of Philip Morris International from a "hold" rating to a "sell" rating in a research report on Saturday, August 5th. For the quarter, shares have been noted at -6.13%.

July 10 investment analysts at Bank of America left the company rating at "Neutral" and raised the price target from $110.00 to $124.00.

At the end of 06/30/2017 reporting period, 612 institutional holders increased their position in Philip Morris International Inc.


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

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