Stocks of Philip Morris International Inc (NYSE:PM) traded higher last session on Wall Street, up 0.49% to $129.59.
PM stock price is now 2.98% away from the 50-day moving average and 12.37% away from the 200-day moving average. The market capitalization of the company currently stands at $201.49B.
With the price target of $140, Morgan Stanley recently initiated with Overweight rating for Philip Morris International Inc (NYSE: PM). , while ‘Societe Generale’ rates the stock as ‘Hold’
In other news, Volpetti Stefano, Pr.SmokeFree&ChiefCons.Officer sold 10,000 shares of the company’s stock on Oct 31 ’24. The stock was sold for $1,324,800 at an average price of $132.48. Upon completion of the transaction, the Pr.SmokeFree&ChiefCons.Officer now directly owns 91,780 shares in the company, valued at $11.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’24, Officer STEFANO VOLPETTI bought 10,000 shares of the business’s stock. A total of $1,324,800 was incurred on buying the stock at an average price of $132.48. A total of 0.16% of the company’s stock is owned by insiders.
During the past 12 months, Philip Morris International Inc has had a low of $87.82 and a high of $134.15. According to the stock market information, the enterprise value for the company is $247505321984, which is based on a 20.56 price-to-earnings ratio, a 2.43 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for PM is $125.837 and a two-hundred day moving average price translates $115.3211 for the stock.
The latest earnings results from Philip Morris International Inc (NYSE: PM) was released for 2024-09-30. The company reported revenue of $9.91 billion for the quarter, compared to $9.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.42 percent.
