Published: Fri, May 19, 2017
Medicine | By Earnest Bishop

Are analysts saying now to buy Philip Morris International Inc (NYSE:PM)?

Are analysts saying now to buy Philip Morris International Inc (NYSE:PM)?

Pensionfund DSM Netherlands lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 7.8% during the first quarter, according to its most recent 13F filing with the SEC. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Philip Morris International, Inc. The 7 analysts offering target price estimates on shares of Philip Morris International Inc (NYSE:PM) have set a consensus target of $117.857 on shares. The institutional investor held 52,052 shares of the farming and seeds and milling company at the end of 2016Q4, valued at $4.76 million, down from 101,323 at the end of the previous reported quarter.

The Ministry of Health has charged tobacco giant Philip Morris with illegally importing and selling a new product that heats tobacco sticks in a battery-powered device rather than burning them. NC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at $113,000. FMR LLC boosted its stake in shares of Philip Morris International by 19.4% in the fourth quarter. The Underhill Investment Management Llc holds 7,200 shares with $659,000 value, up from 2,900 last quarter. Finally, First Command Bank bought a new position in Philip Morris International during the fourth quarter worth $128,000. (NYSE:PM) news were published by: Seekingalpha.com which released: "Philip Morris International: The King Of International Tobacco" on May 08, 2017, also Seekingalpha.com with their article: "The Highest Tobacco Dividends" published on May 17, 2017, Bloomberg.com published: "Philip Morris 300 Million-Euro Greek Bet Brings Revival Optimism" on May 12, 2017.

The stock added in the prior trading session by 0.2%, closing at the stock price of $113.75. The company had a trading volume of 3,346,083 shares.

More notable recent Philip Morris International Inc. The firm has a 50-day moving average price of $112.37 and a 200-day moving average price of $101.50. Past 5 years growth of Philip Morris International Inc (NYSE:PM) observed at -5.56%, looking forward for the next 5 years it has a strong prediction of 10.47% over growth. The company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.03 by $0.05. The company's quarterly revenue was down.3% compared to the same quarter previous year. Each quarter, investors and analysts wait to see the earnings numbers when they are posted for the public. Whittier Tru has 0.62% invested in Philip Morris International Inc. London Of Virginia has 0.03% invested in Philip Morris International Inc. "(PM) Shares Sold by Pensionfund DSM Netherlands" was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another site, it was stolen and reposted in violation of USA & global copyright laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/05/18/beacon-financial-group-reduces-position-in-philip-morris-international-inc-pm-updated-updated-updated.html.

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PM has been the subject of several recent analyst reports. Philip Morris International had 24 analyst reports since August 24, 2015 according to SRatingsIntel. Zacks Investment Research upgraded shares of Philip Morris International from a "sell" rating to a "hold" rating in a research report on Wednesday, January 18th. Jefferies Group LLC reiterated a "hold" rating and issued a $104.00 price target on shares of Philip Morris International in a research note on Friday, March 24th. Philip Morris International Inc. On Thursday, April 21 the stock rating was upgraded by Societe Generale to "Hold". Philip Morris International has $135 highest and $80 lowest target.

Philip Morris said in a statement yesterday the company firmly believed its products would help the smokefree New Zealand goal.

The ministry considers HEETS fall into the category of tobacco products designed for oral use other than for smoking and are prohibited in New Zealand under Section 29 of the Smoke-Free Environments Act 1990. The Company's divisions include European Union; Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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