Capital Research & Management Co has recently announced that it has increased stake in Philip Morris International Inc (NYSE:PM) by 1.08%. After grabbing 117.44 million shares, the institutional investor is now in possession of 1.26 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 7.57% having worth around $10.96 billion. Moreover, Capital Research & Management Co increased its share by 1.99 million to have a control over 53.55 million shares. And Geode Capital Management LLC raised its holdings to 0.6 million shares by acquiring 29.09 million shares or 1.87% of the stake.
Philip Morris International Inc (PM) concluded trading on December 20, 2023 at a closing price of $91.99, with 4.39 million shares of worth about $404.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.87% during that period and On Wednesday the price saw a loss of about -3.44%. Currently the company’s common shares owned by public are about 1.55B shares, out of which, 1.55B shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 50 times over the past 12 months. They bought 505,142 shares in 34 of the transactions. In 16 selling transactions, insiders dumped 215,099 shares.
Vanguard Total Stock Market ETF, American Balanced Fund, and American Funds Income Fund of Ame are the top 3 mutual funds which are holding stakes in Philip Morris International Inc Vanguard Total Stock Market ETF is currently holding 48.59 million shares of worth totaling $4.54 billion. The company recently came buying 0.23 million shares which brought its stake up to 3.13% of the company’s outstanding shares. American Balanced Fund bought 0.19 million shares, after which its hold over company’s outstanding shares expand to 2.70%, leaving 41.89 million shares with the mutual fund that have a worth of about $3.91 billion. American Funds Income Fund of Ame, after buying 37.51 million shares, have now control over 2.42% of the stake in the company. It holds 0.53 million shares of worth $3.5 billion.
Stock saw a price change of -2.55% in past 5 days and over the past one month there was a price change of -0.42%. Year-to-date (YTD), PM shares are showing a performance of -9.11% which decreased to -8.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $87.23 but also hit the highest price of $105.62 during that period. The average intraday trading volume for Philip Morris International Inc shares is 4.73 million. The stock is currently trading -1.55% below its 20-day simple moving average (SMA20), while that difference is down -0.05% for SMA50 and it goes to -2.95% lower than SMA200.
Capital Research & Management Co acquired 117.44 million shares of Philip Morris International Inc having value of about $10.96 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 1.26 million shares in the company valued at close to $115535944.38, or have control over 1.08% stake in the company. Philip Morris International Inc (NYSE: PM) currently have 1.55B outstanding shares and institutions hold larger chunk of about 78.94% of that. Holding of mutual funds in the company is about 27.46% while other institutional holders and individual stake holders have control over 51.63% and 0.53% of the stake respectively.
The stock has a current market capitalization of $142.81B and its 3Y-monthly beta is at 0.70. PE ratio of stock for trailing 12 months is 17.88, while it has posted earnings per share of $5.15 in the same period. Its PEG reads 2.85 and has Quick Ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PM, volatility over the week remained 1.54% while standing at 1.38% over the month.
Analysts are in expectations that Philip Morris International Inc (PM) stock would likely to be making an EPS of $1.47 in the current quarter, while forecast for next quarter EPS is $1.4 and it is $6.51 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.37 which is $1.79 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.39 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.26% while it is estimated to increase by 6.47% in next year. EPS is likely to shrink at an annualized rate of 6.28% for next 5-years, compared to annual growth of 8.43% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Redburn Atlantic on November 16, 2023 offering a Neutral rating for the stock and assigned a target price of $95 to it.
