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Philip Morris International Inc. (NYSE:PM) jumps 13.00% In 2022; How Attractive Is It At $93.88?

In recent trading session, Philip Morris International Inc. (NYSE:PM) saw 0.68 million shares changing hands at last check today with its beta currently measuring 0.64. Company’s recent per share price level of $93.88 trading at -$1.91 or -1.99% at last check today assigns it a market valuation of $146.13B. That most recent trading price of PM’s stock is at a discount of -19.81% from its 52-week high price of $112.48 and is indicating a premium of 8.78% from its 52-week low price of $85.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.45 million shares which gives us an average trading volume of 4.21 million if we extend that period to 3-months.

For Philip Morris International Inc. (PM), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 17 analysts covering the stock, 0 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.43 in the current quarter.

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Philip Morris International Inc. (NYSE:PM) trade information

Upright in the red during last session for losing -1.99%, in the last five days PM remained trading in the green while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $93.88 price level, adding 3.68% to its value on the day. Philip Morris International Inc.’s shares saw a change of 0.83% in year-to-date performance and have moved 1.86% in past 5-day. Philip Morris International Inc. (NYSE:PM) showed a performance of -2.06% in past 30-days. Number of shares sold short was 7.32 million shares which calculate 1.37 days to cover the short interests.

Philip Morris International Inc. (PM) estimates and forecasts

Statistics highlight that Philip Morris International Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 4.98% of value to its shares in past 6 months, showing an annual growth rate of -1.48% while that of industry is -8.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -9.50% in the current quarter and calculating -9.60% decrease in the next quarter. This year revenue growth is estimated to fall -4.30% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $7.4 billion for the same. And 4 analysts are in estimates of company making revenue of $7.53 billion in the next quarter that will end on Dec 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 13.00% while estimates for its earnings growth in next 5 years are of 3.75%.

PM Dividends

Philip Morris International Inc. is more likely to be releasing its next quarterly report between April 18 and April 22 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Philip Morris International Inc. (NYSE:PM)’s Major holders

Insiders are in possession of 0.13% of company’s total shares while institution are holding 75.88 percent of that, with stock having share float percentage of 75.97%. Investors also watch the number of corporate investors in a company very closely, which is 75.88% institutions for Philip Morris International Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at PM for having 128.6 million shares of worth $12.08 billion. And as of Mar 30, 2022, it was holding 8.30% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 96.51 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 6.23% of outstanding shares, having a total worth of $9.07 billion.

On the other hand, Vanguard Total Stock Market Index Fund and American Balanced Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 44.72 million shares of worth $4.2 billion or 2.89% of the total outstanding shares. The later fund manager was in possession of 41.31 million shares on Jun 29, 2022, making its stake of worth around $4.08 billion in the company or a holder of 2.66% of company’s stock.

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