In yesterday’s Wall Street session, Philip Morris International Inc (NYSE:PM) shares traded at $90.88, down -1.43% from the previous session.
PM stock price is now -1.11% away from the 50-day moving average and -3.02% away from the 200-day moving average. The market capitalization of the company currently stands at $141.09B.
, while ‘UBS’ rates the stock as ‘Sell’
In other news, Andolina Massimo, President, Europe Region sold 8,250 shares of the company’s stock on Mar 15 ’24. The stock was sold for $772,448 at an average price of $93.63. Upon completion of the transaction, the President, Europe Region now directly owns 94,629 shares in the company, valued at $8.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Pr.Combusibles&GlobalComb.Mktg Barth Werner sold 5,000 shares of the business’s stock. A total of $457,300 was realized by selling the stock at an average price of $91.46. This leaves the insider owning 102,918 shares of the company worth $9.35 million. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, Philip Morris International Inc has had a low of $87.23 and a high of $101.92. According to the stock market information, the enterprise value for the company is $185.94B, which is based on a 18.12 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 0.63. The fifty day moving average price for PM is $91.83 and a two-hundred day moving average price translates $93.70 for the stock.
The latest earnings results from Philip Morris International Inc (NYSE: PM) was released for Dec, 2023. According to the Tobacco Company, earnings per share came in at $1.36, missing analysts’ expectations of $1.45 by -0.09. This compares to $1.61 EPS in the same period last year. The company reported revenue of $9.05 billion for the quarter, compared to $8.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.98 percent. For the current quarter, analysts expect PM to generate $8.46B in revenue.
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.
