Philip Morris International Inc. (NYSE:PM) shares traded -1.20% lower at $93.86 on Wall Street last session.
In accordance with the data, 21 analysts cover Philip Morris International Inc. (NYSE:PM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $90.00, we find $115.50. Given the previous closing price of $95.00, this indicates a potential upside of 21.58 percent. PM stock price is now -3.27% away from the 50-day moving average and -3.11% away from the 200-day moving average. The market capitalization of the company currently stands at $145.57B.
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It has been rated a hold by 6 analysts and a buy by 12. Brokers who have rated the stock have averaged $113.33 as their price target over the next twelve months.
On March 30, 2023, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $109 to quote $116, while ‘UBS’ rates the stock as ‘Buy’.
In other news, Barth Werner, Pr.Combusibles&GlobalComb.Mktg sold 8,000 shares of the company’s stock on Mar 02. The stock was sold for $786,816 at an average price of $98.35. Upon completion of the transaction, the Pr.Combusibles&GlobalComb.Mktg now directly owns 87,321 shares in the company, valued at $8.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Exec. Chairman of the Board Calantzopoulos Andre sold 80,000 shares of the business’s stock. A total of $8,028,000 was realized by selling the stock at an average price of $100.35. This leaves the insider owning 1,007,048 shares of the company worth $94.52 million. Insiders disposed of 215,639 shares of company stock worth roughly $20.24 million over the past 1 year. A total of 0.16% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PM stock. A new stake in Philip Morris International Inc. shares was purchased by PERPETUAL LTD during the first quarter worth $194,745,000. CANOE FINANCIAL LP invested $145,180,000 in shares of PM during the first quarter. In the first quarter, RAILWAY PENSION INVESTMENTS LTD acquired a new stake in Philip Morris International Inc. valued at approximately $110,868,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in PM for approximately $95,838,000. HRT FINANCIAL LP purchased a new stake in PM valued at around $72,133,000 in the second quarter. In total, there are 2,455 active investors with 77.00% ownership of the company’s stock.
Philip Morris International Inc. (NYSE: PM) opened at $94.71 on Tuesday. During the past 12 months, Philip Morris International Inc. has had a low of $82.85 and a high of $109.81. According to the stock market information, the enterprise value for the company is $198.08B, which is based on a 16.77 price-to-earnings ratio, a 2.27 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for PM is $96.91 and a two-hundred day moving average price translates $96.86 for the stock.
The latest earnings results from Philip Morris International Inc. (NYSE: PM) was released for Mar, 2023. According to the Tobacco Company, earnings per share came in at $1.38, beating analysts’ expectations of $1.34 by 0.04. This compares to $1.59 EPS in the same period last year. The net profit margin was 27.10% and return on equity was -96.40% for PM. The company reported revenue of $8.02 billion for the quarter, compared to $7.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.52 percent. For the current quarter, analysts expect PM to generate $8.68B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/11/2023. Investors who held shares on 03/23/2023 were paid a $1.27 dividend. On an annualized basis, this represents a $5.08 dividend and a 5.41% percent yield. There was an ex-dividend date of 03/22/2023 for this dividend.
Philip Morris International Inc.(PM) Company Profile
Philip Morris International Inc. operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company’s product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States. The company offers its smoke-free products under the HBLENDS, EETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, Parliament HeatSticks, SENTIA, and TEREA brands, as well as the KT&G-licensed brands, Fiit, and Miix. It also sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. In addition, the company owns various cigarette brands, such as Dji Sam Soe and Sampoerna A in Indonesia; and Fortune and Jackpot in the Philippines. The company sells its smoke-free products in 73 markets. Philip Morris International Inc. was incorporated in 1987 and is headquartered in Stamford, Connecticut.
