Philip Morris International Inc. (NYSE: PM) is 4.48% higher on its value in year-to-date trading and has touched a low of $56.01 and a high of $89.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PM stock was last observed hovering at around $85.45 in the last trading session, with the day’s gains setting it 1.05% off its average median price target of $97.00 for the next 12 months. It is also 21.36% off the consensus price target high of $110.00 offered by 20 analysts, but current levels are -6.79% lower than the price target low of $81.00 for the same period.
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Currently trading at $86.50, the stock is 3.93% and 4.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.51 million and changing 1.23% at the moment leaves the stock 11.95% off its SMA200. PM registered -3.50% loss for a year compared to 6-month gain of 10.59%. The firm has a 50-day simple moving average (SMA 50) of $82.69 and a 200-day simple moving average (SMA200) of $79.27.
The stock witnessed a 6.36% loss in the last 1 month and extending the period to 3 months gives it a 11.66%, and is 0.44% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 1.99% over the month.
Philip Morris International Inc. (PM) has around 71000 employees, a market worth around $136.11B and $28.69B in sales. Current P/E ratio is 16.78 and Fwd P/E is 13.16. Profit margin for the company is 28.00%. Distance from 52-week low is 54.44% and -3.57% from its 52-week high. The company has generated returns on investments over the last 12 months (49.00%).
Philip Morris International Inc. (PM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Philip Morris International Inc. (PM) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.10, where 7 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Philip Morris International Inc. is expected to release its quarterly report on 04/20/2021 and quarterly earnings per share for the current quarter are estimated at $1.4 with sales reaching $7.37B over the same period.The EPS is expected to grow by 12.00% this year, but quarterly earnings will post 9.10% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
Philip Morris International Inc. (PM) Top Institutional Holders
2,123 institutions hold shares in Philip Morris International Inc. (PM), with 3.02M shares held by insiders accounting for 0.19% while institutional investors hold 75.54% of the company’s shares. The shares outstanding are 1.56B, and float is at 1.55B with Short Float at 0.60%. Institutions hold 75.39% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 123.69 million shares valued at $9.28 billion. The investor’s holdings represent 7.94% of the PM Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 90.44 million shares valued at $7.49 billion to account for 5.81% of the shares outstanding. The other top investors are Capital World Investors which holds 83.3 million shares representing 5.35% and valued at over $6.25 billion, while Capital Research Global Investors holds 3.93% of the shares totaling 61.27 million with a market value of $4.59 billion.
Philip Morris International Inc. (PM) Insider Activity
A total of 69 insider transactions have happened at Philip Morris International Inc. (PM) in the last six months, with sales accounting for 15 and purchases happening 54 times. The most recent transaction is an insider sale by Masseroli Mario, the company’s Pres., Latin America & Canada. SEC filings show that Masseroli Mario sold 2,000 shares of the company’s common stock on Feb 08 at a price of $85.05 per share for a total of $0.17 million. Following the sale, the insider now owns 16602.0 shares.
Philip Morris International Inc. disclosed in a document filed with the SEC on Feb 05 that Salzman Marian (Sr. VP, Global Communications) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Feb 05 and was made at $84.39 per share for $0.17 million. Following the transaction, the insider now directly holds 23963.0 shares of the PM stock.
Still, SEC filings show that on Aug 31, Masseroli Mario (Pres., Latin America & Canada) disposed off 1,500 shares at an average price of $80.10 for $0.12 million. The insider now directly holds 11,842 shares of Philip Morris International Inc. (PM).
Philip Morris International Inc. (PM): Who are the competitors?
The company’s main competitors (and peers) include Vector Group Ltd. (VGR) that is 4.68% higher over the past 12 months. 22nd Century Group Inc. (XXII) is 341.54% up on the 1-year trading charts. Short interest in the company’s stock has risen 14.38% from the last report on Dec 30, 2020 to stand at a total of 8.04 million short shares sold with a short interest ratio of 2.05.