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Why Philip Morris International Inc (PM) Stock Could See Much Higher Prices Ahead

Philip Morris International Inc (NYSE: PM) is 8.07% higher on its value in year-to-date trading and has touched a low of $87.23 and a high of $104.90 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 $102.59 in the last trading session, with the day’s loss setting it -0.92%.

Currently trading at $101.67, the stock is -0.33% and 1.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.46 million and changing -0.90% at the moment leaves the stock 7.89% off its SMA200. PM registered 4.06% gain for a year compared to 6-month gain of 6.68%.

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The stock witnessed a -2.47% loss in the last 1 month and extending the period to 3 months gives it a 12.57%, and is 0.41% 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 1.10% over the week and 1.28% over the month.

Philip Morris International Inc (PM) has around 82700 employees, a market worth around $158.05B and $35.74B in sales. Current P/E ratio is 19.89 and Fwd P/E is 14.67. Profit margin for the company is 22.23%. Distance from 52-week low is 16.55% and -3.08% from its 52-week high. The company has generated returns on investments over the last 12 months (23.11%).

The EPS is expected to grow by 5.12% this year.

Philip Morris International Inc (PM) Top Institutional Holders

The shares outstanding are 1.55B, and float is at 1.55B with Short Float at 0.59%.

Philip Morris International Inc (PM) Insider Activity

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 20,000 shares of the company’s common stock on Apr 25 ’24 at a price of $96.42 per share for a total of $1.93 million. Following the sale, the insider now owns 0.18 million shares.

Philip Morris International Inc disclosed in a document filed with the SEC on Mar 15 ’24 that Andolina Massimo (President, Europe Region) sold a total of 8,250 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $93.63 per share for $0.77 million. Following the transaction, the insider now directly holds 94629.0 shares of the PM stock.

Still, SEC filings show that on Mar 07 ’24, Barth Werner (Pr.Combusibles&GlobalComb.Mktg) disposed off 5,000 shares at an average price of $91.46 for $0.46 million. The insider now directly holds 102,918 shares of Philip Morris International Inc (PM).

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