New insider activity at Philip Morris ( (PM) ) has taken place on February 22, 2025.
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In a series of significant transactions, top executives at Philip Morris have recently sold substantial amounts of their stock. CFO Emmanuel Babeau offloaded 43,827 shares, totaling $6,522,127. Pres. and CEO of PM Intl., Andre Calantzopoulos, sold 64,311 shares worth $9,578,623. SVP and General Counsel Yann Guerin parted with 2,693 shares for $406,906. In addition, Pr. Combustibles & Global Combustible Marketing head Werner Barth sold 10,791 shares, netting $1,604,353. Lastly, CEO Jacek Olczak sold 44,433 shares valued at $6,614,164.
Recent Updates on PM stock
In recent developments surrounding Philip Morris (PM), several analysts have adjusted their price targets due to the company’s robust performance and promising outlook. Citi’s analyst raised the target citing strong revenue and margin growth, which led to an upgrade in their EPS forecast. UBS acknowledged the positive guidance for volume and EPS growth, although it retained a cautious view due to ongoing challenges with the IQOS product line. Morgan Stanley expressed increased confidence in the company’s growth prospects following better-than-expected Q4 results and FY25 guidance. Stifel pointed out the consistent momentum in revenue and margin expansion, leading to their price target increase, emphasizing Philip Morris’s standout performance in the consumer staples sector. These adjustments reflect the overall optimism about Philip Morris’s future growth potential, despite specific product-related challenges.
More about Philip Morris
YTD Price Performance: 25.16%
Average Trading Volume: 5,240,631
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $235.7B