Philip Morris International Inc. on Thursday reported a boost in first-quarter profit, but the results missed Wall Street expectations as a decline in cigarette sales continues to cut into revenue. 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. YHB Investment Advisors Inc. increased its position in shares of Philip Morris International by 0.4% in the third quarter.
Philip Morris shares have risen 25 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 4 percent. 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.
For its first fiscal quarter of 2017, eBay earned 49 cents per share on sales of $2.21 billion. Sheets Smith Wealth Management now owns 7,248 shares of the company's stock worth $705,000 after buying an additional 19 shares during the last quarter. YHB Investment Advisors Inc. increased its stake in Philip Morris International by 0.4% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,181 shares of the company's stock worth $406,000 after buying an additional 307 shares during the period. Following the sale, the chief executive officer now owns 787,671 shares in the company, valued at $80,854,428.15.
Since the start of the New Year, Philip Morris International Inc. (NYSE:PM) by 22.6% during the first quarter, Holdings Channel reports. In fact, the company actually increased its earnings projections for 2017, now expecting bottom-line figures between $4.84 and $4.99 per share.
Unfortunately, Philip Morris wasn't able to give investors that level of reassurance, as cigarette shipments were unexpectedly weak. The stock's 52-week range is $86.78 to $115.63. For the past 5 days of trading, the stock has seen a move of 1.91%. The firm has a market cap of $170.62 billion, a P/E ratio of 24.55 and a beta of 0.94. Thursday's list of biggest losers includes TESARO Inc (NASDAQ:TSRO), eBay Inc (NASDAQ:EBAY) and Philip Morris International Inc. Reported revenue is net of excise taxes. "We are fully on track to deliver our full-year EPS guidance, driven by robust pricing and accelerating IQOS volume growth".
PM said that total cigarette and heated tobacco unit shipment volume in the first quarter was 178.0 billion, down by 9.4% from a year ago.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 11th. Investors of record on Thursday, March 23rd were paid a $1.04 dividend. The ex-dividend date of this dividend was Tuesday, March 21st. That translates to a dividend yield of 3.63% at Wednesday's closing price. Philip Morris International's dividend payout ratio is now 92.86%.
Several brokerages recently weighed in on PM. Vetr lowered shares of Philip Morris International from a "hold" rating to a "sell" rating and set a $97.64 price objective for the company.in a research note on Monday, February 6th. Finally, Zacks Investment Research raised Philip Morris International from a "hold" rating to a "buy" rating and set a $126.00 price target for the company in a report on Wednesday, March 29th. Jefferies Group LLC restated a "hold" rating and issued a $104.00 price target on shares of Philip Morris International in a research report on Friday, March 24th. Philip Morris International presently has an average rating of "Buy" and an average price target of $111.57.
Opponents of Le Pen and her anti-immigration National Front party also skirmished with police outside a Paris rally this week. That's higher than the probability assigned to both Trump and Brexit at a similar stage before those votes, they pointed out.
The Trump administration is hoping that China will help rein in North Korea in exchange for other considerations. United States Vice President Mike Pence has arrived in Japan for the second leg of his four-nation Asia tour.
The notion of border adjustment has received a cold reception in the Senate, and Trump has given conflicting comments about it. California, Connecticut, Maryland and OR have May 1 deadlines for rate submissions, and NY plans to keep its May 15 deadline.
San Antonio point guard Tony Parker was dismissive Wednesday when he was asked what he expects from the officials in Game 3 . Fizdale finished his tirade by slamming his fist on a table and yelling, "Take that for data", before storming out.
After the report advertisers including BMW of North America, Allstate Corp, French pharmaceuticals maker Sanofi SA and T. It's about the female Fox News hosts - Megyn Kelly , Greta Van Susteren - lost to less sexist cable networks.
Even in hot West Coast markets, where rental growth is notoriously strong, rent appreciation is starting to slow. Mortgage rates are down from their December highs, but still well above where they were before the election.
Dortmund coach Thomas Tuchel accepted his side had come off second best, with Monaco's early goal "destroying our belief". Elsewhere, Bordeaux and Marseille look to maintain recent good form as they chase a Europa League spot.
The Web giant today started rolling out a highly requested feature for its voice-powered speaker: support for multiple accounts. Whereas voice recognition is a definite help, even Google admits that it's not the be-all-end-all where security is concerned.
Facebook isn't the only corporation getting in on these new developments, but it's definitely the one investing the most into it. If you haven't noticed the little camera on the top left hand side of your Facebook app maybe it's time you checked out it.
Montgomeryshire MP, Glyn Davies, said the Prime Minister had been left with "little choice" due to frustration over Brexit. If the election is approved Wednesday, Parliament will be dissolved on May 2, sparking nearly six weeks of campaigning.
In addition to those filled positions, the administration said it will allow another 120 vacant positions that were scheduled to be filled to remain vacant.
Florida voters may get a say over casino gambling
For almost 200 years, Florida has had one of the strictest voting regulations in the country when it comes to released felons. Rick Scott took office in 2011, he largely reversed the policy to restore felon voting rights instituted under former Gov.
Reus rues sloppy start in Dortmund's Champions League exit
Monaco was stretched down both flanks but, equally, Dortmund was increasingly exposed to Monaco's slick counterattacking. In another quarterfinal match, there was a goal fest as hosts Monaco hammered German club Borussia Dortmund 3-1.
United States to renegotiate South Korea trade pact
Mr Pence said: "We will not rest and will not relent until we obtain the objective of a denuclearised Korean Peninsula". The U.S.is trying to ratchet up pressure on North Korea to abandon its nuclear weapons and ballistic missile programs.
Richard Simmons addresses fans in Facebook statement
It is not always possible for people to solve problems themselves as "sometimes it's [the problems] just bigger than we are". Amazingly, Simmons decided this was the time to speak up. 'But it is yet to be determined, I would say'.
Paris police say officer and attacker shot, killed
BFM TV said he was known to police and Agence France-Presse said police were searching a residence in suburban Paris . Police have issued an arrest warrant for a second suspect who had arrived in the country by train from Belgium.
Netflix to Hit 100 Million Subscribers This Weekend
Netflix has expanded around the world over the last few years, betting that its USA formula would pay off in other countries. Netflix increased its number of members to 98.75 million, including 94.36 million paid, in the first quarter of 2017.
Rep. Jason Chaffetz will not run for reelection in 2018
Chaffetz entered office in 2009 and his indefinite departure from politics would leave Utah's 3rd District up for grabs. Chaffetz was re-elected four times in one of the most Republican congressional districts in the country.
Isco winner takes Ronaldo-less Real six points clear
Zidane opted for a chance after 71 minutes as Mariano replaced Lucas as they pushed for a winning goal in the closing stages. We at The Hard Tackle take a closer look at some of the significant talking points to emerge from the result .
Pakistan top court rejects call to oust PM
However, Khwaja Asif, a PML-N leader told that "it was a pre-planned order of Sharif, which he himself decided". Khan termed the verdict as indictment of Sharif as the bench did not absolve him of the allegations.
GNC Holdings spikes after earnings beat
The stock of GNC Holdings Inc (NYSE: GNC ) gapped up by $0.97 today and has $9.68 target or 7.00% above today's $9.05 share price. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics.