In Wednesday’s Wall Street session, Philip Morris International Inc (NYSE:PM) shares traded at $149.80, up 0.67% from the previous session.
PM stock price is now 16.16% away from the 50-day moving average and 26.21% away from the 200-day moving average. The market capitalization of the company currently stands at $232.92B.
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, Dobrowolski Reginaldo, Vice President and Controller sold 5,000 shares of the company’s stock on Feb 12 ’25. The stock was sold for $749,400 at an average price of $149.88. Upon completion of the transaction, the Vice President and Controller now directly owns 20,799 shares in the company, valued at $3.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’25, Vice President and Controller Dobrowolski Reginaldo sold 3,000 shares of the business’s stock. A total of $448,230 was realized by selling the stock at an average price of $149.41. This leaves the insider owning 7,596 shares of the company worth $1.14 million. A total of 0.21% 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 $151.22.
The company reported revenue of $9.71 billion for the quarter, compared to $9.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.28 percent.
