Philip Morris International Inc. (NYSE:PM) – Research analysts at Jefferies Financial Group cut their Q3 2021 earnings per share estimates for Philip Morris International in a research report issued to clients and investors on Monday, October 11th. Jefferies Financial Group analyst O. Bennett now anticipates that the company will post earnings per share of $1.53 for the quarter, down from their previous forecast of $1.61. Jefferies Financial Group also issued estimates for Philip Morris International’s Q4 2021 earnings at $1.36 EPS, FY2022 earnings at $6.36 EPS, FY2023 earnings at $6.49 EPS, FY2024 earnings at $6.60 EPS and FY2025 earnings at $7.09 EPS.
Philip Morris International (NYSE:PM) last released its earnings results on Monday, July 19th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.02. Philip Morris International had a net margin of 11.13% and a negative return on equity of 91.56%. The company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.71 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The company’s revenue was up 17.9% compared to the same quarter last year.
Shares of PM opened at $97.47 on Tuesday. The company’s fifty day moving average is $100.71 and its 200-day moving average is $97.95. Philip Morris International has a 12 month low of $68.93 and a 12 month high of $106.51. The firm has a market cap of $151.91 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84.
Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Philip Morris International in the 1st quarter valued at about $2,075,000. Viking Fund Management LLC grew its position in shares of Philip Morris International by 3.5% during the 2nd quarter. Viking Fund Management LLC now owns 59,000 shares of the company’s stock worth $5,847,000 after buying an additional 2,000 shares during the period. Vident Investment Advisory LLC grew its position in shares of Philip Morris International by 7.6% during the 2nd quarter. Vident Investment Advisory LLC now owns 67,721 shares of the company’s stock worth $6,712,000 after buying an additional 4,787 shares during the period. Premier Fund Managers Ltd grew its position in shares of Philip Morris International by 8.7% during the 2nd quarter. Premier Fund Managers Ltd now owns 86,104 shares of the company’s stock worth $8,433,000 after buying an additional 6,882 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Philip Morris International by 637.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 370,625 shares of the company’s stock worth $32,881,000 after buying an additional 320,339 shares during the period. Hedge funds and other institutional investors own 75.05% of the company’s stock.
In other news, CEO Martin G. King sold 21,725 shares of the firm’s stock in a transaction dated Tuesday, July 27th. The shares were sold at an average price of $100.18, for a total transaction of $2,176,410.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Wednesday, September 29th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.13%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.20. The ex-dividend date is Tuesday, September 28th. Philip Morris International’s dividend payout ratio (DPR) is presently 96.71%.
About Philip Morris International
Philip Morris International, Inc is a holding company. It engages in manufacturing and sale of cigarettes, tobacco and nicotine-containing products. It operates through the following geographical segments: European Union, Eastern Europe, Middles East & Africa, South & Southeast Asia, East Asia & Australia and Latin America & Canada.
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