A Guide To The Risks Of Investing In Philip Morris International Inc. (PM)


Philip Morris International Inc.’s recently made public that its Pres., European Union Region De Wilde Frederic unloaded Company’s shares for reported $3.25 million on Feb 22. In the deal valued at $108.49 per share,29,941 shares were sold. As a result of this transaction, De Wilde Frederic now holds 178,160 shares worth roughly $ 18.05 million.

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Then, Barth Werner sold 12,000 shares, generating $1,340,400 in total proceeds. Upon selling the shares at $111.70, the Pr.Combusibles&GlobalComb.Mktg now owns 75,178 shares.

Before that, Olczak Jacek sold 40,000 shares. Philip Morris International Inc. shares valued at $4,452,308 were divested by the Chief Executive Officer at a price of $111.31 per share. As a result of the transaction, Olczak Jacek now holds 326,907 shares, worth roughly $33.12 million.

PT values the company’s stock at a premium of -12.56 to its Tuesday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Argus revised its rating on November 15, 2022. It rated PM as “a Buy” which previously was an “a Hold”.

Price Performance Review of PM

On Tuesday, Philip Morris International Inc. [NYSE:PM] saw its stock jump 0.15% to $101.30. On the same session, the stock had its day’s lowest price of $100.40, but rose to a high of $101.90. Over the last five days, the stock has gained 0.07%. Philip Morris International Inc. shares have risen nearly 0.09% since the year began. Nevertheless, the stocks have fallen -1.57% over the past one year. While a 52-week high of $112.48 was reached on 01/09/23, a 52-week low of $82.85 was recorded on 01/18/23. SMA at 50 days reached $100.16, while 200 days put it at $97.52. A total of 3.6 million shares were traded, compared to the trading of 4.82 million shares in the previous session.

Levels Of Support And Resistance For PM Stock

The 24-hour chart illustrates a support level at 100.50, which if violated will result in even more drops to 99.70. On the upside, there is a resistance level at 102.00. A further resistance level may holdings at 102.70. The Relative Strength Index (RSI) on the 14-day chart is 51.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.15%. Stochastics %K at 47.98% indicates the stock is a holding.

How much short interest is there in Philip Morris International Inc.?

A steep rise in short interest was recorded in Philip Morris International Inc. stocks on Oct 13, 2022, growing by 1.07 million shares to a total of 8.78 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 7.71 million shares. There was a rise of 12.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.78.

Philip Morris International Inc. [PM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 126,353,550 shares, or roughly 8.15% of the outstanding PM shares. In other words, the investor’s shares have risen by 1,483,345 from its previous 13-F filing of 124870205.0. Additionally, Capital Research & Management Co increased 2.16% of its stake after which the total value it holdings stand at $8,592,140,666, while Capital Research & Management Co added 1.57% of its stake to hold $8.37 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,402,242 shares of Philip Morris International Inc., while Capital Research & Management Co bought -3,311,231 shares. At present, SSgA Funds Management, Inc. is holding 57,777,797 shares valued at $5.85 billion. T. Rowe Price Associates, Inc. owned 35,468,228 shares of the company at the time of its most recent 13F filing, worth $3.59 billion.

According to FactSet, Philip Morris International Inc.’s share price will average $106.46 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.76 percent from its previous closing price of $101.15. Analysts expect Philip Morris International Inc. stock to reach the higher price of $127.00, while the lowest price estimate is $90.00. However, 21 analysts have rated PM stock as an Overweight in their predictions for 2023.


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