During the recent session, Philip Morris International Inc. (NYSE:PM)’s traded shares were 0.95 million, with the beta value of the company hitting 0.89. At the last check today, the stock’s price was $98.87, reflecting an intraday gain of 1.44% or $1.4. The 52-week high for the PM share is $106.51, that puts it down -7.73 from that peak though still a striking 30.28% gain since the share price plummeted to a 52-week low of $68.93. The company’s market capitalization is $152.39B, and the average trade volume was 3.71 million shares over the past three months.
Philip Morris International Inc. (PM) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. PM has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.55.
Philip Morris International Inc. (NYSE:PM) trade information
Philip Morris International Inc. (PM) registered a 1.44% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.44% in intraday trading to $98.87 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is 0.86%, and it has moved by -4.40% in 30 days. Based on these gigs, the overall price performance for the year is 23.05%.
The consensus price target of analysts on Wall Street is $111.55, which implies an increase of 11.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $85.00 and $130.00 respectively. As a result, PM is trading at a discount of -31.49% off the target high and 14.03% off the low.
Philip Morris International Inc. (PM) estimates and forecasts
Statistics show that Philip Morris International Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Philip Morris International Inc. (PM) shares have gone up 6.14% during the last six months, with a year-to-date growth rate more than the industry average at 17.02% against 6.10. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 9.20% this quarter and then jump 10.30% in the quarter after that. In the rating firms’ projections, revenue will increase 8.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $7.9 billion as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $7.92 billion by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.45 billion and $7.44 billion respectively. In this case, analysts expect current quarter sales to grow by 6.10% and then jump by 6.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.10%. While earnings are projected to return 12.00% in 2021, the next five years will return 12.57% per annum.
Philip Morris International Inc. is due to release its next quarterly earnings on October 19. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Philip Morris International Inc. is 5.00, with the dividend yield indicating at 5.13 percent, continuing the trend of increasing dividends in recent years.
Philip Morris International Inc. (NYSE:PM)’s Major holders
Philip Morris International Inc. insiders own 0.20% of total outstanding shares while institutional holders control 75.91%, with the float percentage being 76.07%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 2,328 institutions own stock in it. As of Jun 29, 2021, the company held over 124.83 million shares (or 8.01% of all shares), a total value of $12.37 billion in shares.
The next largest institutional holding, with 91.39 million shares, is of Blackrock Inc.’s that is approximately 5.86% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $9.06 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Philip Morris International Inc. (PM) shares are Vanguard Total Stock Market Index Fund and American Balanced Fund. Data provided on Jun 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 44.02 million shares. This amounts to just over 2.82 percent of the company’s overall shares, with a $4.36 billion market value. The same data shows that the other fund manager holds slightly less at 38.36 million, or about 2.46% of the stock, which is worth about $3.8 billion.