Philip Morris International Inc (NYSE: PM) Stock: A Game-Changer?

In today’s recent session, 2.53 million shares of the Philip Morris International Inc (NYSE:PM) have been traded, and its beta is 0.63. Most recently the company’s share price was $92.26, and it changed around $0.64 or 0.70% from the last close, which brings the market valuation of the company to $143.24B. PM at last check was trading at a discount to its 52-week high of $101.92, offering almost -10.47% off that amount. The share price’s 52-week low was $87.23, which indicates that the recent value has risen by an impressive 5.45% since then. We note from Philip Morris International Inc’s average daily trading volume that its 10-day average is 8.01 million shares, with the 3-month average coming to 5.40 million.

Philip Morris International Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 1 out of 17 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 2 recommended PM as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Philip Morris International Inc is expected to report earnings per share of $1.41 for the current quarter.

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Philip Morris International Inc (NYSE:PM) trade information

Instantly PM has been showing a green trend so far today with a performance of 0.70% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -1.93% year-to-date, but still up 1.52% over the last five days. On the other hand, Philip Morris International Inc (NYSE:PM) is 2.56% up in the 30-day period. We can see from the shorts that 6.7 million shares have been sold at a short interest cover period of 1.27 day(s).

The consensus price target as assigned by Wall Street analysts is $118.36, which translates to bulls needing to increase their stock price by 22.05% from its current value. Analyst projections state that PM is forecast to be at a low of $107 and a high of $150.

Philip Morris International Inc (PM) estimates and forecasts

Philip Morris International Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.84 percent over the past six months and at a 6.32% annual growth rate that is well above the industry average of 1.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 14.60% in revenue this quarter, and will report an increase of 2.50% in the next quarter. The year-over-year growth rate is expected to be 5.60%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $8.46 billion in revenue for the current quarter. 8 analysts expect Philip Morris International Inc to make $9.35 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $8.11 billion and $8.65 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.30%. Forecasts for the next quarter put sales growth at 8.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.25%. Philip Morris International Inc earnings are expected to increase by 6.45% in 2024, but the outlook is positive 10.16% per year for the next five years.

PM Dividends

Philip Morris International Inc’s next quarterly earnings report is expected to be released on April 23. The annual dividend yield of the stock is 5.60 percent and its annual dividend per share was 5.17. It is important to note, however, that the 5.60% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 0.18% of Philip Morris International Inc shares, and 79.59% of them are in the hands of institutional investors. The stock currently has a share float of 79.73%. Philip Morris International Inc stock is held by 2,587 institutions, with Vanguard Group Inc being the largest institutional investor. By Dec 30, 2023, it held 8.77% of the shares, which is about 136.07 million shares worth $12.54 billion.

Capital World Investors, with 7.06% or 109.56 million shares worth $10.1 billion as of Dec 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and American Balanced Fund were the top two Mutual Funds as of Dec 30, 2023. The former held 48.74 million shares worth $4.49 billion, making up 3.14% of all outstanding shares. On the other hand, American Balanced Fund held roughly 39.91 million shares worth around $3.68 billion, which represents about 2.57% of the total shares outstanding.