Stocks of Philip Morris International Inc (NYSE:PM) traded higher last session on Wall Street, down -0.36% to $89.71.
According to the data, Philip Morris International Inc (NYSE:PM) has 20 analysts covering its stock. 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 $85.50, we find $112.00. Given the previous closing price of $90.03, this indicates a potential upside of 24.4 percent. PM stock price is now -4.25% away from the 50-day moving average and -7.10% away from the 200-day moving average. The market capitalization of the company currently stands at $139.26B.
A total of 2 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $110.69 as their price target over the next twelve months.
With the price target enhanced from $109 to $117, Citigroup Upgraded its rating from Neutral to Buy for Philip Morris International Inc (NYSE: PM).
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 $7.83 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 $90.34 million. Insiders disposed of 215,099 shares of company stock worth roughly $19.3 million over the past 1 year. A total of 0.17% 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 VIKING GLOBAL INVESTORS LP during the first quarter worth $812,368,000. TOMS CAPITAL INVESTMENT MANAGEMENT LP invested $94,196,000 in shares of PM during the first quarter. In the first quarter, FIL LTD acquired a new stake in Philip Morris International Inc valued at approximately $51,583,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in PM for approximately $50,075,000. MAVERICK CAPITAL LTD purchased a new stake in PM valued at around $41,088,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $89.88 for Philip Morris International Inc (NYSE: PM). During the past 12 months, Philip Morris International Inc has had a low of $88.17 and a high of $105.62. According to the stock market information, the enterprise value for the company is $183.66B, which is based on a 17.43 price-to-earnings ratio, a 2.34 price-to-earnings-growth ratio, and a beta of 0.80. The fifty day moving average price for PM is $93.61 and a two-hundred day moving average price translates $96.50 for the stock.
The latest earnings results from Philip Morris International Inc (NYSE: PM) was released for Sep, 2023. According to the Tobacco Company, earnings per share came in at $1.67, beating analysts’ expectations of $1.61 by 0.06. This compares to $1.51 EPS in the same period last year. The company reported revenue of $8.97 billion for the quarter, compared to $7.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.49 percent. For the current quarter, analysts expect PM to generate $8.94B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/11/2023. Investors who held shares on 06/23/2023 were paid a $1.27 dividend. On an annualized basis, this represents a $5.14 dividend and a 5.73% percent yield. There was an ex-dividend date of 06/22/2023 for this dividend. In terms of dividend payout ratio, PM is presently at 86.68%.
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 primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness and healthcare products. Philip Morris International Inc. was incorporated in 1987 and is headquartered in Stamford, Connecticut.
