Philip Morris Shares Slump After Earnings Miss

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(NYSE:PM) stock may see increased volatility following the report. Net revenue from combustible products dropped nearly 7%, and all four of the company's geographical regions were within a few of percentage points of that figure. If that stock is Philip Morris International (PM) you sell, and then sell some more. In terms of recent volatility, the average for the month is 1.05% and 0.88% for the past week.

Several large investors have recently added to or reduced their stakes in PM. Oakbrook Investments LLC boosted its position in shares of Philip Morris International by 34.6% in the third quarter. YHB Investment Advisors Inc. now owns 4,062 shares of the company's stock worth $395,000 after buying an additional 15 shares during the last quarter. Financial Advisory Service Inc. increased its stake in Philip Morris International by 0.3% in the third quarter. Toth Financial Advisory Corp increased its stake in Philip Morris International by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,355,323 shares of the company's stock worth $3,826,125,000 after buying an additional 163,627 shares during the period. Finally, Nicholas Co. Inc.

The company's shares traded down about 2.1% at $111.50 early Thursday morning. Traders bought 1,051 put options on the company.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Philip Morris International wasn't one of them! The company has a market capitalization of $175.40 billion, a price-to-earnings ratio of 25.24 and a beta of 0.94. The firm has a 50-day moving average of $112.40 and a 200-day moving average of $99.25.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. This is an increase of approximately 487% compared to the typical daily volume of 179 put options. (PM) reported first-quarter 2017 results before markets opened on Thursday. In the same period a year ago, the company reported EPS of $0.98 on $6.08 billion in revenues. Philip Morris International had a negative return on equity of 64.94% and a net margin of 9.30%.

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Revenues fell 0.3% from previous year to $6.06 billion, also missing the Wall Street consensus view of $6.47 billion. During the same quarter previous year, the business posted $0.98 EPS. On average, equities research analysts expect that Philip Morris International will post $4.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd were given a dividend of $1.04 per share. That translates to a dividend yield of 3.63% at Wednesday's closing price. The ex-dividend date of this dividend was Tuesday, March 21st. Philip Morris International's payout ratio is presently 92.86%. Philip Morris International Inc. "(PM)" was originally published by BBNS and is the property of of BBNS. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of USA and global copyright laws. Finally, Nicholas Co. Inc.

A number of equities analysts have commented on PM shares. The tobacco products firm posted adjusted diluted earnings per share (EPS) of $0.98 on revenue of $6.06 billion. Vetr downgraded Philip Morris International from a "strong-buy" rating to a "buy" rating and set a $101.10 price target for the a report on Wednesday, January 18th. Citigroup Inc reissued a "buy" rating on shares of Philip Morris International in a research report on Wednesday, February 8th. Analysts surveyed by Zacks Investment Research were looking for earnings of $1.03 per share. The 12-month consensus price target was $115.53 before this report. However, the brokerage maintained its Hold rating on the stock.

In other news, CEO Andre Calantzopoulos sold 35,000 shares of the firm's stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $102.65, for a total transaction of $3,592,750.00. Nicholas Co. Inc. WI now owns 606,755 shares of the company's stock worth $55,512,000 after buying an additional 37,840 shares during the period. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Currency impacts also hit the company in Europe, even though it helped Philip Morris in Asia.