Market cap of Philip Morris International Inc [PM] reaches 138.18B – now what?

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Philip Morris International Inc [NYSE: PM] plunged by -$0.15 during the normal trading session on Wednesday and reaching a high of $89.57 during the day while it closed the day at $89.01. The company report on October 20, 2023 at 4:00 PM that Philip Morris International Submits Applications to Commercialize IQOS ILUMA Tobacco Heating System to U.S. Food and Drug Administration.

The applications mark the next step in the company’s mission to offer adults who smoke a portfolio of innovative, scientifically substantiated nicotine alternatives that can help make America free from conventional cigarettes.

Philip Morris International Inc. (PMI) (NYSE: PM) on October 20 submitted Premarket Tobacco Product Applications (PMTAs) and Modified Risk Tobacco Product Applications (MRTPAs) for IQOS ILUMA heated tobacco products with the U.S. Food and Drug Administration (FDA).

Philip Morris International Inc stock has also loss -1.13% of its value over the past 7 days. However, PM stock has declined by -8.63% in the 3 months of the year. Over the past six months meanwhile, it has lost -7.15% and lost -12.05% year-on date.

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The market cap for PM stock reached $138.18 billion, with 1.55 billion shares outstanding and 1.55 billion shares in the current float. Compared to the average trading volume of 3.71M shares, PM reached a trading volume of 4170343 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $109.80 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 1.60. 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 June 20, 2023.

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The Average True Range (ATR) for Philip Morris International Inc is set at 1.64, with the Price to Sales ratio for PM stock in the period of the last 12 months amounting to 4.05. Price to Free Cash Flow for PM in the course of the last twelve months was 18.09 with Quick ratio for the last quarter at 0.44.

PM stock trade performance evaluation

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 -1.13. With this latest performance, PM shares dropped by -1.40% in over the last four-week period, additionally sinking by -7.15% over the last 6 months – not to mention a drop of -3.09% 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 40.09, with the RSI for the last a single of trading hit 39.06, and the three-weeks RSI is set at 41.02 for Philip Morris International Inc [PM]. The present Moving Average for the last 50 days of trading for this stock 93.19, while it was recorded at 88.95 for the last single week of trading, and 96.24 for the last 200 days.

Philip Morris International Inc [PM]: An insightful look at the core 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 +39.17 and a Gross Margin at +63.84. Philip Morris International Inc’s Net Margin is presently recorded at +28.62.

Return on Total Capital for PM is now 43.05, given the latest momentum, and Return on Invested Capital for the company is 43.62. Additionally, PM Total Debt to Total Capital is recorded at 125.89, with Total Debt to Total Assets ending up at 70.62.

Reflecting on the efficiency of the workforce at the company, Philip Morris International Inc [PM] managed to generate an average of $113,083 per employee. Receivables Turnover for the company is 7.25 with a Total Asset Turnover recorded at a value of 0.61.Philip Morris International Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.44 and a Current Ratio set at 0.89.

Earnings per share (EPS) analysis for Philip Morris International Inc [PM] stock

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 7.45%.

Philip Morris International Inc [PM]: Institutional Ownership

The top three institutional holders of PM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in PM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in PM stock with ownership which is approximately 5.7994%.

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