The stock of Philip Morris International Inc. (NYSE:PM) increased by $0.37 on Tuesday to finish at $96.25, up 0.39 percent. The last five days have seen an average of 2,552,860 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$4.96. The average number of shares traded over the last 20 days was 2,630,895, while the average volume over the last 50 days totaled 3,748,530.
PM stock dropped -3.48% since last month. On 08/17/23, the company’s shares reached a one-month low of $92.87. The stock touched a high of $105.62 on 02/01/23, after rallying from a low of $82.85 in 52 weeks. The price of PM stock has declined by -4.90% or -$4.96 this year, reaching a new high 6 times. Still, the stock price is down -8.87% from the 52-week high.
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Insider Transactions
PM stock investors should be aware that Philip Morris International Inc. (PM) stock had its last reported insider trading activity 181 days ago on Mar 02. On Mar 02, Pr.Combusibles&GlobalComb.Mktg Barth Werner sold 8,000 shares at $98.35 each. This transaction resulted in the insider making $786,816. On Feb 17, Calantzopoulos Andre sold 80,000 shares at a price of US$100.35. After the transaction, the insider now owns 1,007,048 shares. Chief Executive Officer Olczak Jacek had earlier sold 45,000 shares on Feb 17 for $100.64 a share. The transaction was completed for $4,528,800.
Valuation Metrics
Philip Morris International Inc. (PM) has a trailing price-to-earnings (P/E) ratio of 18.62. Beta for the stock is 0.74. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.45, and the price-to-cash flow ratio of 19.95.
Company paid $1.27 per share in dividends, remained unchanged from $1.27 last year. A $0.02 dividend increase was reported on Wednesday September 14 2022.
Financial Health
For the three months ended June 29, Philip Morris International Inc.’s quick ratio was 0.40, while its current ratio was 0.90, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 63.10% percent. Philip Morris International Inc.’s EBITDA margin for the year ended June 29 was 42.94%, whereas its operating margin stood at 33.70% for the same period. Based on annual data, it had gross profit of $20.36 billion and revenue of $31.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PM’s return on assets (ROA) during the last 12 months has been 14.20%. There was a 29.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -87.40%.
Earnings Surprise
According to Philip Morris International Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.97 billion, while revenues fell by -127.6% to $16.28 billion. It was predicted that Philip Morris International Inc.’s quarterly earnings would be $1.6, but it ended up being $1.47, beating the consensus by 8.80%. EBITDA was $3.55 billion for the quarter. At the end of Philip Morris International Inc.’s most recent quarter ended June 29, its liabilities totaled 69.83 billion, while its total debt was $47.97 billion. Equity owned by shareholders amounts to $1.55 billion.
Technical Picture
Here’s a quick look at Philip Morris International Inc.’s (PM) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 58.60%, suggesting the stock is Neutral, with a 8.97% historical volatility rate.
The stochastic %K and %D were 51.68% and 39.85% respectively, while the average true range (ATR) was 1.22. Based on the 14-day stochastic reading of 61.01%, the RSI (14) reading is 52.65%. On the 9-day MACD Oscillator, the stock is at 1.10, and the 14-day reading is at 0.79.
Analyst Ratings
In its most recent analyst report, Citigroup raised its rating on Philip Morris International Inc. (NYSE: PM) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Philip Morris International Inc. (PM) an Buy rating. PM is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.
What is PM’s price target for the next 12 months?
The current consensus forecast for the stock is between $87.00 and $130.00, with a median target price of $116.00. In analyzing these forecasts, the average price target given by analysts for Philip Morris International Inc. (PM) is $114.81.
