Sunday, October 25, 2020

Market cap of Philip Morris International Inc. [PM] reaches 122.38B – now what?

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Philip Morris International Inc. [NYSE: PM] price surged by 0.29 percent to reach at $0.23. The company report on October 13, 2020 that Philip Morris International Inc. to Host Webcast of 2020 Third-Quarter Results.

Regulatory News:.

Philip Morris International Inc. (NYSE: PM) will host a live audio webcast at www.pmi.com/2020Q3earnings on Tuesday, October 20, 2020, at 9:00 a.m. ET to discuss its 2020 Third-Quarter results, which will be issued at approximately 7:00 a.m. ET the same day.

A sum of 2403426 shares traded at recent session while its average daily volume was at 4.12M shares. Philip Morris International Inc. shares reached a high of $79.32 and dropped to a low of $77.85 until finishing in the latest session at $79.14.

The one-year PM stock forecast points to a potential upside of 11.58. The average equity rating for PM stock is currently 1.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Philip Morris International Inc. [PM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PM shares is $89.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PM stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Philip Morris International Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 07, 2020. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 01, 2020, representing the official price target for Philip Morris International Inc. stock. Previously, the target price had yet another raise from $90 to $102, while Cowen kept a Outperform rating on PM stock.

The Average True Range (ATR) for Philip Morris International Inc. is set at 1.72, with the Price to Sales ratio for PM stock in the period of the last 12 months amounting to 4.20. Price to Free Cash Flow for PM in the course of the last twelve months was 234.90 with Quick ratio for the last quarter at 0.60.

PM Stock Performance Analysis:

Philip Morris International Inc. [PM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.03. With this latest performance, PM shares dropped by -1.81% in over the last four-week period, additionally plugging by 1.51% over the last 6 months – not to mention a rise of 0.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PM stock in for the last two-week period is set at 55.94, with the RSI for the last a single of trading hit 60.28, and the three-weeks RSI is set at 54.54 for Philip Morris International Inc. [PM]. The present Moving Average for the last 50 days of trading for this stock 78.40, while it was recorded at 79.09 for the last single week of trading, and 77.43 for the last 200 days.

Insight into Philip Morris International Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Philip Morris International Inc. [PM] shares currently have an operating margin of +39.91 and a Gross Margin at +64.48. Philip Morris International Inc.’s Net Margin is presently recorded at +24.07.

Return on Total Capital for PM is now 55.00, given the latest momentum, and Return on Invested Capital for the company is 47.53. Additionally, PM Total Debt to Total Capital is recorded at 157.22, with Total Debt to Total Assets ending up at 74.19.

Reflecting on the efficiency of the workforce at the company, Philip Morris International Inc. [PM] managed to generate an average of $97,524 per employee. Receivables Turnover for the company is 8.18 with a Total Asset Turnover recorded at a value of 0.72.Philip Morris International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.10.

PM Stock EPS

With the latest financial reports released by the company, Philip Morris International Inc. posted 1.43/share EPS, while the average EPS was predicted by analysts to be reported at 1.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Philip Morris International Inc. go to 5.20%.

Philip Morris International Inc. [PM] Insider Position Details

There are presently around $91,524 million, or 75.50% of PM stock, in the hands of institutional investors. The top three institutional holders of PM stocks are: VANGUARD GROUP INC with ownership of 126,207,146, which is approximately -1.377% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 93,652,507 shares of the stock with an approximate value of $7.41 billion in PM stocks shares; and CAPITAL WORLD INVESTORS, currently with $6.61 billion in PM stock with ownership of nearly -8.215% of the company’s market capitalization.

Positions in Philip Morris International Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 672 institutional holders increased their position in Philip Morris International Inc. [NYSE:PM] by around 54,073,495 shares. Additionally, 842 investors decreased positions by around 61,966,142 shares, while 260 investors held positions by with 1,040,436,680 shares. The mentioned changes placed institutional holdings at 1,156,476,317 shares, according to the latest SEC report filing. PM stock had 97 new institutional investments in for a total of 2,719,356 shares, while 115 institutional investors sold positions of 3,174,037 shares during the same period.

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