Somewhat Positive Press Coverage Somewhat Unlikely to Affect Philip Morris International (PM) Stock Price

Media coverage about Philip Morris International (NYSE:PM) has trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by analyzing 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 nearest to one being the most favorable. Philip Morris International earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.8384207244449 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

Philip Morris International (NYSE:PM) traded up $2.00 during mid-day trading on Friday, hitting $109.68. 10,787,270 shares of the stock traded hands, compared to its average volume of 4,322,395. The stock has a market cap of $170,355.31, a price-to-earnings ratio of 24.43, a PEG ratio of 2.22 and a beta of 0.90. The company has a current ratio of 1.13, a quick ratio of 0.68 and a debt-to-equity ratio of -2.91. Philip Morris International has a 1 year low of $88.90 and a 1 year high of $123.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 19th. The company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.11). The firm had revenue of $7.50 billion for the quarter, compared to analysts’ expectations of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. sell-side analysts forecast that Philip Morris International will post 4.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Thursday, December 21st will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Wednesday, December 20th. Philip Morris International’s payout ratio is 94.48%.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Piper Jaffray Companies set a $134.00 price target on shares of Philip Morris International and gave the company a “buy” rating in a research report on Saturday, August 19th. Goldman Sachs Group raised shares of Philip Morris International from a “buy” rating to a “conviction-buy” rating and set a $135.00 price target on the stock in a research report on Thursday, September 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $140.00 price target on shares of Philip Morris International in a research report on Tuesday, October 10th. Finally, Cowen reaffirmed a “buy” rating and set a $135.00 price target on shares of Philip Morris International in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $124.23.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total value of $11,811,144.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by insiders.

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About Philip Morris International

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.

Insider Buying and Selling by Quarter for Philip Morris International (NYSE:PM)

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