Philip Morris International Inc (PM) Holding Strong: What’s pushing it?

The price of Philip Morris International Inc (NYSE:PM) shares last traded on Wall Street rose 2.18% to $109.56.

PM stock price is now 7.16% away from the 50-day moving average and 15.49% away from the 200-day moving average. The market capitalization of the company currently stands at $170.32B.

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, while ‘UBS’ rates the stock as ‘Sell’

In other news, De Wilde Frederic, Pr SSEA CIS & MEA Region sold 20,000 shares of the company’s stock on Apr 25 ’24. The stock was sold for $1,928,400 at an average price of $96.42. Upon completion of the transaction, the Pr SSEA CIS & MEA Region now directly owns 178,447 shares in the company, valued at $19.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, President, Europe Region Andolina Massimo sold 8,250 shares of the business’s stock. A total of $772,448 was realized by selling the stock at an average price of $93.63. This leaves the insider owning 94,629 shares of the company worth $10.37 million. A total of 0.17% of the company’s stock is owned by insiders.

During the past 12 months, Philip Morris International Inc has had a low of $87.23 and a high of $109.18. According to the stock market information, the enterprise value for the company is $218553253888, which is based on a 21.43 price-to-earnings ratio, a 2.33 price-to-earnings-growth ratio, and a beta of 0.60. The fifty day moving average price for PM is $102.4436 and a two-hundred day moving average price translates $94.95575 for the stock.

The latest earnings results from Philip Morris International Inc (NYSE: PM) was released for 2024-03-31. The company reported revenue of $8.79 billion for the quarter, compared to $8.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.65 percent.

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