Philip Morris International Inc. [NYSE: PM] loss -3.14% on the last trading session, reaching $95.00 price per share at the time. The company report on June 28, 2022 that Offer Document Regarding Philip Morris Holland Holdings B.V.’s Recommended Cash Offer to the Shareholders of Swedish Match AB Made Public.
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This announcement is not an offer, whether directly or indirectly, in Australia, Hong Kong, Japan, New Zealand, or South Africa or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law. Shareholders not resident in Sweden who wish to accept the Offer (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled “Important information” at the end of this announcement and in the offer document, which has been published on the Offer website (www.smokefree-offer.com). Shareholders in the United States should also refer to the section titled “Special notice to shareholders in the United States” at the end of this announcement.
On May 11, 2022, Philip Morris Holland Holdings B.V.1 (“PMHH”), an affiliate of Philip Morris International Inc. (“PMI”) (NYSE: PM), announced a recommended public offer to the shareholders of Swedish Match AB (“Swedish Match”) to tender all shares in Swedish Match2 to PMHH (the “Offer”).
Philip Morris International Inc. represents 1.55 billion in outstanding shares, while the company has a total market value of $145.81 billion with the latest information. PM stock price has been found in the range of $94.74 to $98.98.
If compared to the average trading volume of 5.66M shares, PM reached a trading volume of 8133085 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $112.04 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 2.40. 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.
Goldman have made an estimate for Philip Morris International Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 22, 2022. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $130 to $110. The new note on the price target was released on March 07, 2022, representing the official price target for Philip Morris International Inc. stock. Previously, the target price had yet another raise from $81 to $105, while JP Morgan kept a Overweight rating on PM stock.
The Average True Range (ATR) for Philip Morris International Inc. is set at 2.61, with the Price to Sales ratio for PM stock in the period of the last 12 months amounting to 4.62. Price to Free Cash Flow for PM in the course of the last twelve months was 34.73 with Quick ratio for the last quarter at 0.50.
Trading performance analysis for PM stock
Philip Morris International Inc. [PM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.26. With this latest performance, PM shares dropped by -9.97% in over the last four-week period, additionally sinking by -0.76% over the last 6 months – not to mention a drop of -3.70% 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 34.35, with the RSI for the last a single of trading hit 28.79, and the three-weeks RSI is set at 38.39 for Philip Morris International Inc. [PM]. The present Moving Average for the last 50 days of trading for this stock 102.14, while it was recorded at 98.48 for the last single week of trading, and 98.50 for the last 200 days.
Philip Morris International Inc. [PM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Philip Morris International Inc. [PM] shares currently have an operating margin of +41.38 and a Gross Margin at +67.70. Philip Morris International Inc.’s Net Margin is presently recorded at +28.98.
Philip Morris International Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.90.
Philip Morris International Inc. [PM]: An earnings per share (EPS) analysis
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 3.06%.
An analysis of insider ownership at Philip Morris International Inc. [PM]
There are presently around $115,341 million, or 76.40% of PM stock, in the hands of institutional investors. The top three institutional holders of PM stocks are: VANGUARD GROUP INC with ownership of 128,604,996, which is approximately 1.562% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 96,511,777 shares of the stock with an approximate value of $9.47 billion in PM stocks shares; and CAPITAL WORLD INVESTORS, currently with $7.88 billion in PM stock with ownership of nearly 0.006% of the company’s market capitalization.
929 institutional holders increased their position in Philip Morris International Inc. [NYSE:PM] by around 76,657,038 shares. Additionally, 831 investors decreased positions by around 61,332,483 shares, while 321 investors held positions by with 1,037,994,680 shares. The mentioned changes placed institutional holdings at 1,175,984,201 shares, according to the latest SEC report filing. PM stock had 135 new institutional investments in for a total of 6,678,785 shares, while 112 institutional investors sold positions of 2,838,639 shares during the same period.