Philip Morris International Inc (PM) Stock Could Soon Reward Patient Investors

Philip Morris International Inc (NYSE: PM) is -5.27% lower on its value in year-to-date trading and has touched a low of $87.23 and a high of $103.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PM stock was last observed hovering at around $89.01 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $89.12, the stock is -3.43% and -4.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.97 million and changing 0.12% at the moment leaves the stock -5.30% off its SMA200. PM registered -12.02% loss for a year compared to 6-month loss of -7.97%. The firm has a 50-day simple moving average (SMA 50) of $5.21 and a 200-day simple moving average (SMA200) of $13.70.

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The stock witnessed a -5.66% gain in the last 1 month and extending the period to 3 months gives it a -1.20%, and is -4.16% down 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 1.35% over the week and 1.41% over the month.

Philip Morris International Inc (PM) has around Dec 20 2023 employees, a market worth around $138.35B and $34.98B in sales. Current P/E ratio is 17.77 and Fwd P/E is 12.54. Profit margin for the company is 22.27%. Distance from 52-week low is 2.17% and -14.13% from its 52-week high. The company has generated returns on investments over the last 12 months (25.57%).

Philip Morris International Inc quarterly earnings per share for the current quarter are estimated at $1.42 with sales reaching $8.5B over the same period.The EPS is expected to grow by 7.31% this year, but quarterly earnings will post 6.00% year-over-year. Quarterly sales are estimated to grow 4.80% in year-over-year returns.

Philip Morris International Inc (PM) Top Institutional Holders

2,494 institutions hold shares in Philip Morris International Inc (PM), with institutional investors hold 79.06% of the company’s shares. The shares outstanding are 1.55B, and float is at 1.55B with Short Float at 0.43%. Institutions hold 78.93% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 135.85 million shares valued at $13.26 billion. The investor’s holdings represent 8.75% of the PM Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital World Investors with 116.19 million shares valued at $11.34 billion to account for 7.48% of the shares outstanding. The other top investors are Capital International Investors which holds 106.29 million shares representing 6.85% and valued at over $10.38 billion, while Blackrock Inc. holds 6.15% of the shares totaling 95.44 million with a market value of $9.32 billion.

Philip Morris International Inc (PM) Insider Activity

A total of 0 insider transactions have happened at Philip Morris International Inc (PM) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by De Wilde Frederic ,the company’sPr SSEA CIS & MEA Region. SEC filings show that De Wilde Frederic sold 10,000 shares of the company’s common stock on Nov 28 at a price of $94.25 per share for a total of $0.94 million. Following the sale, the insider now owns 0.2 million shares.

Philip Morris International Inc disclosed in a document filed with the SEC on Mar 02 that Barth Werner (Pr.Combusibles&GlobalComb.Mktg) sold a total of 8,000 shares of the company’s common stock. The trade occurred on Mar 02 and was made at $98.35 per share for $0.79 million. Following the transaction, the insider now directly holds 87321.0 shares of the PM stock.

Still, SEC filings show that on Feb 17, Calantzopoulos Andre (Exec. Chairman of the Board) disposed off 80,000 shares at an average price of $100.35 for $8.03 million. The insider now directly holds 1,007,048 shares of Philip Morris International Inc (PM).

Philip Morris International Inc (PM): Who are the competitors?

The company’s main competitors (and peers) include Altria Group Inc. (MO) that is trading -16.18% down over the past 12 months. British American Tobacco PLC (BATS) that is -22.31% lower over the same period.