Does Philip Morris International Inc (NYSE:PM) have deteriorating prospects?

The stock of Philip Morris International Inc (NYSE:PM) last traded at $114.20, up 0.56% from the previous session.

PM stock price is now 8.71% away from the 50-day moving average and 19.03% away from the 200-day moving average. The market capitalization of the company currently stands at $177.56B.

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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 Jul 25 ’24. The stock was sold for $2,260,200 at an average price of $113.01. Upon completion of the transaction, the Pr SSEA CIS & MEA Region now directly owns 158,447 shares in the company, valued at $18.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, Pr SSEA CIS & MEA Region De Wilde Frederic sold 20,000 shares of the business’s stock. A total of $1,928,400 was realized by selling the stock at an average price of $96.42. This leaves the insider owning 178,447 shares of the company worth $20.38 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 $119.06. According to the stock market information, the enterprise value for the company is $222754258944, which is based on a 20.22 price-to-earnings ratio, a 2.16 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for PM is $105.3418 and a two-hundred day moving average price translates $96.0447 for the stock.

The latest earnings results from Philip Morris International Inc (NYSE: PM) was released for 2024-06-30. The company reported revenue of $9.47 billion for the quarter, compared to $8.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.59 percent. For the current quarter, analysts expect PM to generate $9.63B in revenue.

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