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

Philip Morris International Inc (NYSE: PM) is -2.40% lower on its value in year-to-date trading and has touched a low of $87.23 and a high of $101.92 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 $91.44 in the last trading session, with the day’s gains setting it 0.38%.

Currently trading at $91.82, the stock is -0.88% and 0.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.86 million and changing 0.42% at the moment leaves the stock -1.98% off its SMA200. PM registered -4.97% loss for a year compared to 6-month loss of -0.82%. The firm has a 50-day simple moving average (SMA 50) of $5.33 and a 200-day simple moving average (SMA200) of $14.03.

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The stock witnessed a 2.22% gain in the last 1 month and extending the period to 3 months gives it a -2.40%, and is 0.74% 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 1.32% over the week and 1.49% over the month.

Philip Morris International Inc (PM) has around 82700 employees, a market worth around $142.55B and $34.98B in sales. Current P/E ratio is 18.31 and Fwd P/E is 13.06. Profit margin for the company is 22.27%. Distance from 52-week low is 5.26% and -9.91% 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 $1.41 with sales reaching $8.46B over the same period.The EPS is expected to grow by 6.45% this year, but quarterly earnings will post 5.60% year-over-year. Quarterly sales are estimated to grow 4.30% in year-over-year returns.

Philip Morris International Inc (PM) Top Institutional Holders

2,587 institutions hold shares in Philip Morris International Inc (PM), with institutional investors hold 79.73% 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 79.59% 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

The most recent transaction is an insider sale by Andolina Massimo,the company’sPresident, Europe Region. SEC filings show that Andolina Massimo sold 8,250 shares of the company’s common stock on Mar 15 ’24 at a price of $93.63 per share for a total of $0.77 million. Following the sale, the insider now owns 94629.0 shares.

Philip Morris International Inc disclosed in a document filed with the SEC on Mar 07 ’24 that Barth Werner (Pr.Combusibles&GlobalComb.Mktg) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $91.46 per share for $0.46 million. Following the transaction, the insider now directly holds 0.1 million shares of the PM stock.

Still, SEC filings show that on Mar 05 ’24, Dobrowolski Reginaldo (Vice President and Controller) disposed off 2,000 shares at an average price of $90.69 for $0.18 million. The insider now directly holds 9,726 shares of Philip Morris International Inc (PM).

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