Philip Morris International Inc (PM) concluded trading on Wednesday at a closing price of $90.57, with 4.17 million shares of worth about $377.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.99% during that period and on Wednesday the price saw a gain of about 1.04%. Currently the company’s common shares owned by public are about 1.55B shares, out of which, 1.55B shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 18,760 shares in 11 of the transactions. In 1 selling transactions, insiders dumped 8,000 shares.
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Stock saw a price change of 1.55% in past 5 days and over the past one month there was a price change of -2.01%. Year-to-date (YTD), PM shares are showing a performance of -3.73% which decreased to -11.05% 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 $101.92 during that period. The average intraday trading volume for Philip Morris International Inc shares is 4.96 million. The stock is currently trading -0.19% below its 20-day simple moving average (SMA20), while that difference is down -2.29% for SMA50 and it goes to -3.44% lower than SMA200.
Philip Morris International Inc (NYSE: PM) currently have 1.55B outstanding shares and institutions hold larger chunk of about 79.36% of that.
The stock has a current market capitalization of $140.61B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 18.06, while it has posted earnings per share of $5.01 in the same period. Its PEG reads 1.78 and has Quick Ratio of 0.34. 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 1.13% while standing at 1.37% over the month.
Analysts are in expectations that Philip Morris International Inc (PM) stock would likely to be making an EPS of $1.41 in the current quarter, while forecast for next quarter EPS is $1.64 and it is $7.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.38 which is $1.46 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 $1.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.61% while it is estimated to increase by 9.87% in next year. EPS is likely to grow at an annualized rate of 10.16% for next 5-years, compared to annual growth of -0.25% made by the stock over the past 5-years.
Coverage by UBS stated Philip Morris International Inc (PM) stock as a Sell in their note to investors on January 23, 2024, suggesting a price target of $86.50 for the stock. On November 16, 2023, Redburn Atlantic Initiated their recommendations, while on June 20, 2023, Citigroup Upgrade their ratings for the stock with a price target of $117. Stock get a Buy rating from Stifel on April 14, 2023.
