PM Philip Morris International Inc.
XNYS
199.95
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PM
$199.95
—
Key stats
$199.95
- 52-Week Range
- $142.11 – $210.45
- YTD
- +24.73%
- IV Rank (30D)
- 18.67
- Straddle Price
- $11.85
- P/C Vol Ratio
- 0.13
- Market Cap
- $314.4B
- Open
- $200.25
- Day Range
- $199.31 – $201.72
- Volume
- 3,576,960
- Prev Close
- $201.74
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.12% |
| Beta vs SPY | 0.55 |
| Cost of Equity (CAPM) | 7.85% (VRP-adj) |
| WACC | 7.59% |
| Volatility Risk Premium | +21.6pp (IV − HV30) |
| Effective Tax Rate | 19.3% |
| Rev. Growth (YoY, DCF input) | +3.2% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $12.7B |
| Return on Equity (TTM) | -126.5% |
| Book / Price | -2.1% |
| Gross Margin (TTM) | 67.5% |
| FCF Margin (TTM) | 29.9% |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | +7.6% (reverse-DCF on current price) |
| SMA 50 | $192.32 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $196.55 |
| Bollinger Width / SMA20 | 5.9% (drives anchor stability) |
| Net Debt | $36.4B |
| Market Cap | $314B |
Peers used for multiples: CL, COST, KO, MDLZ, MO, PEP, PG, WMT
60-Day Conviction
39%
20-Day Fair Value
≈ by Nov 23, 2026
$201.95
α +1.2%
rank 0%
conviction
70%
40-Day Fair Value
≈ by Dec 22, 2026
$203.71
α +2.1%
rank 0%
conviction
66%
60-Day Fair Value
≈ by Jan 20, 2027
$201.54
α +1.0%
rank 1%
conviction
39%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $148.13 | 17% | |
| DDM (Gordon) | $133.37 | 14% | |
| Peer P/E | $183.05 | 4% | median 25.5× · 8 peers |
| Peer EV/EBITDA | $180.54 | 5% | median 17.0× · 8 peers |
| Peer P/B | n/a | 0% | median 9.5× · 7 peers |
| Peer P/S | $78.31 | 7% | median 2.8× · 8 peers |
| Market Anchor (SMA50) | $192.32 | 35% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $204.42 | 17% | 27 strikes · skew +1.42 |
As of 2026-10-23 · updated
Related
About
- Industry (SIC)
- CIGARETTES (2111) · industry map
- Exchange
- XNYS
- Market Cap
- $314.4B
- Employees
- 84,900
- List Date
- 2008-03-31
- CIK
- 0001413329
- Headquarters
- Stamford, CT
- Homepage
- https://www.pmi.com
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI is not only dominant in smokable products but also has the Iqos and Zyn brands, which respectively dominate heated tobacco and nicotine pouches in most markets. It also owns the Veev brand in vapes.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -2.27% | 7.44% | 2.90% | -4.93% | 7.51% | 11.94% | 3.77% |
| Feb | 6.27% | -2.11% | -7.68% | -3.57% | 19.09% | 3.83% | 2.64% |
| Mar | 4.46% | -7.39% | -0.27% | 1.99% | -0.04% | -10.05% | -1.88% |
| Apr | 7.88% | 3.33% | 2.11% | 3.83% | 8.39% | 4.92% | 5.08% |
| May | 0.61% | 7.79% | -9.40% | 5.55% | 6.20% | 6.61% | 2.89% |
| Jun | 2.41% | -6.64% | 8.27% | -1.58% | -0.34% | 4.78% | 1.15% |
| Jul | 0.20% | -2.58% | 1.26% | 13.74% | -7.59% | 7.24% | 2.05% |
| Aug | 2.97% | -3.04% | -2.23% | 4.96% | 2.56% | -0.06% | 0.86% |
| Sep | -8.47% | -13.96% | -3.24% | -3.43% | -3.11% | 1.96% | -5.04% |
| Oct | -1.60% | 8.02% | -2.46% | 10.04% | -10.28% | 6.00%* | 1.62% |
| Nov | -8.01% | 8.67% | 4.89% | 1.84% | 8.91% | -- | 3.26% |
| Dec | 9.36% | -1.22% | 0.03% | -8.14% | 2.72% | -- | 0.55% |
| Total | 12.73% | -4.56% | -6.97% | 19.69% | 35.32% | 41.93% | 16.36% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $197.00
SMA 50: $192.53
SMA 200: $180.88
Current: $199.47
EMA 12: $199.36
EMA 26: $196.66
MACD: 2.6963 | Signal: -0.0550
BULLISH
ADX (14): 19.08
RANGE
+DI: 25.13
−DI: 28.13
Momentum Oscillators
RSI (14): 54.00
NEUTRAL
Stoch %K: 58.82
Stoch %D: 58.83
Williams %R: -41.51
Volume & Volatility
BB Upper: $208.03
BB Lower: $185.97
NEUTRAL
OBV: 264,849,431
Vol SMA 20: 4,571,808
Vol ROC: 9.17%
ATR: $5.38
True Range: $2.43
HV 20: 29.0%
HV 30: 25.3%
HV 60: 23.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-25T00:00:00 – 2026-10-23T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH with confidence level 8/10
Key drivers:
- Bullish momentum signals from MACD and Bollinger Bands
- Positive news sentiment and catalysts for growth
Primary risks:
- Overbought RSI reading (40.51)
- Potential for a pullback to the lower Bollinger Band ($182.66)
2-3 sentence investment thesis: Philip Morris International (PM) is poised for a continued uptrend, driven by positive news sentiment and catalysts for growth. The stock has broken above its 50-day SMA and is showing strong momentum signals from MACD and Bollinger Bands. However, the RSI reading is overbought, indicating potential for a pullback.
Recent news sentiment impact: The recent news headlines have been overwhelmingly positive, with two articles highlighting PM's growth prospects and one neutral article discussing consumer staples ETFs. This has contributed to the stock's uptrend and suggests that investors are becoming more optimistic about PM's future performance.
Technical Analysis
Trend Direction:
- Short-term: Uptrend
- Medium-term: Bullish momentum
- Long-term: Bullish trend
Support/Resistance Levels: The upper Bollinger Band ($194.58) is a key resistance level, while the lower band ($182.66) provides support.
Momentum Signals:
- RSI interpretation: Overbought (40.51), indicating potential for a pullback
- MACD signal: Bullish momentum
- Bollinger Bands position: Oversold (squeeze)
Volume Analysis: The volume SMA 20 is at $4087451.10, indicating moderate volume interest. The OBV line is trending upwards, suggesting increasing buying pressure.
News & Sentiment Analysis
Recent Headlines Summary: Two positive articles discussing PM's growth prospects and one neutral article about consumer staples ETFs.
Sentiment Assessment: Positive news sentiment dominates, with a 2:1 ratio of positive to negative headlines.
Catalyst Identification: Upcoming catalysts for growth include the potential for increased demand from the tobacco industry and the company's efforts to diversify its product portfolio.
Market Narrative: The market narrative is shifting in PM's favor, as investors become more optimistic about the company's future performance. This aligns with the technical signals, which are indicating a continued uptrend.
Risk & Volatility Assessment
Beta Interpretation: PM has a negative beta (-0.15), indicating that it tends to move opposite to the market. This suggests that PM may be a good hedge against a market downturn.
Volatility Regime: The current volatility regime is relatively low, with a historical volatility of 28.5%.
Options Market Signals: IV rank is 24.9%, indicating historically low volatility. The put/call volume ratio is 1.34, suggesting bearish sentiment.
Downside Protection: Support levels include the lower Bollinger Band ($182.66) and the 50-day SMA ($187.93).
Market Context & Positioning
Sector Performance: The consumer staples sector has been performing well recently, with PM trending upwards.
Institutional Activity: Moderate institutional interest is evident, as seen in the volume SMA 20 at $4087451.10.
Correlation Analysis: PM has a negative correlation (-0.07) with the market, suggesting that it may be a good hedge against a market downturn.
Relative Valuation: PM is trading within its normal range, with no significant departures from historical norms.
Key Levels & Action Items
Critical Price Levels: Support at $182.66 (lower Bollinger Band) and resistance at $194.58 (upper Bollinger Band).
Breakout/Breakdown Levels: A breakout above the upper Bollinger Band ($194.58) could trigger a significant move, while a breakdown below the lower band ($182.66) would suggest a potential reversal.
Time-Sensitive Catalysts: Earnings dates and product launches are upcoming catalysts for growth.
Risk Management: Stop-loss levels should be set at $180.00 (10% below current price), with position sizing considerations taken into account.
Conclusion
Philip Morris International (PM) is poised for a continued uptrend, driven by positive news sentiment and momentum signals from MACD and Bollinger Bands. However, the RSI reading is overbought, indicating potential for a pullback. Risk management considerations include setting stop-loss levels at $180.00 and considering position sizing.
Generated
News
All PM news →
The company is sacrificing near-term margins to defend its nicotine pouch dominance while traditional cigarettes fund the shift.
Smoke-free products hit 40% of revenue as IQOS and ZYN drive growth.
The company said it will continue to grow its Zyn nicotine-pouch brand, aiming to meet rising demand even as geopolitical tensions disrupt operations.
Showing 1–10 of 20
Page 1 of 2
Earnings History
15 of 24 under expected move
Avg Expected Move
3.71%
Avg Actual Move
3.54%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-04 | Pre-Market | 3.45% | 4.24% | 1.23x | Exceeded |
| 2021-04-20 | Pre-Market | 3.70% | 2.54% | 0.69x | Within |
| 2021-07-20 | Pre-Market | 3.09% | 3.06% | 0.99x | Within |
| 2021-10-19 | Pre-Market | 3.58% | 1.70% | 0.47x | Within |
| 2022-02-10 | Pre-Market | 2.97% | 0.93% | 0.31x | Within |
| 2022-04-21 | Pre-Market | 3.40% | 1.95% | 0.57x | Within |
| 2022-07-21 | Pre-Market | 3.45% | 4.19% | 1.21x | Exceeded |
| 2022-10-20 | Pre-Market | 3.39% | 1.67% | 0.49x | Within |
| 2023-02-09 | Pre-Market | 3.02% | 0.72% | 0.24x | Within |
| 2023-04-20 | Pre-Market | 2.43% | 4.73% | 1.95x | Exceeded |
| 2023-07-20 | Pre-Market | 2.53% | 0.60% | 0.24x | Within |
| 2023-10-19 | Pre-Market | 2.37% | 2.66% | 1.12x | Exceeded |
| 2024-02-08 | Pre-Market | 2.88% | 2.66% | 0.92x | Within |
| 2024-04-23 | Pre-Market | 3.61% | 3.83% | 1.06x | Exceeded |
| 2024-07-23 | Pre-Market | 3.29% | 2.18% | 0.66x | Within |
| 2024-10-22 | Pre-Market | 3.57% | 10.47% | 2.93x | Exceeded |
| 2025-02-06 | Pre-Market | 4.43% | 10.95% | 2.47x | Exceeded |
| 2025-04-23 | After-Close | 2.05% | 1.63% | 0.80x | Within |
| 2025-07-22 | Pre-Market | 4.99% | 8.43% | 1.69x | Exceeded |
| 2025-10-21 | Pre-Market | 6.33% | 3.83% | 0.61x | Within |
| 2026-02-06 | Pre-Market | 5.00% | 0.45% | 0.09x | Within |
| 2026-04-22 | Pre-Market | 5.53% | 6.98% | 1.26x | Exceeded |
| 2026-07-22 | Pre-Market | 5.56% | 3.33% | 0.60x | Within |
| 2026-10-21 | Pre-Market | 4.53% | 1.22% | 0.27x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
PM Options Activity & IV Rank
PM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 26.5%
7-DTE IV: 26.5%
Expected Move: $11.85
7-DTE Move: $5.88
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 2,500
Put Volume: 320
P/C Volume: 0.128
BULLISH
Call OI: 19,378
Put OI: 14,011
P/C OI: 0.723
Total OI: 33,389
ATM Options Pricing
ATM Call: $6.15
ATM Put: $5.70
Call %: 3.1%
Put %: 2.9%
Chain Summary
Chain Volume: 15,326
Chain OI: 150,760
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 71st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
71%
vs own history
GEX tilt
+0.43
OI-weighted, today
Vanna tilt
+0.63
δ-sensitivity to IV
Charm tilt
-0.66
δ-decay vs time
Vanna tilt +0.63: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.66: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 141 ATM contracts, 63k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
31%
+3.4
pts
EXTREME
ATM 25.5% / Wing 28.8%
30 DTE / 10d
19%
+2.8
pts
EXTREME
ATM 27.0% / Wing 29.8%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)12.8LowOct 23
IV Rank (30 DTE)18.7LowOct 23
Straddle Price (30 DTE)$11.85Oct 23
Beta Analysis
Risk Metrics
Beta: -0.1988
Alpha: 30.19%
Correlation: -0.0898
R-Squared: 0.8%
Stock Volatility: 28.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own PM
7 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Fundsmith Asset manager Terry Smith | $527.1M | #17 of 41 | -43.0% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $163.0M | #185 of 3716 | +197.7% | 13F | |
| Citadel Hedge fund Ken Griffin | $125.7M | #330 of 6285 | +27.5% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $53.3M | #225 of 4729 | +8.9% | 13F | |
| Point72 Hedge fund Steve Cohen | $34.0M | #435 of 1945 | new | 13F | |
| Markel Group Holding company Tom Gayner | $20.7M | #87 of 130 | 0.0% | 13F | |
| Soros Fund Management Family office George Soros, Robert Soros, Jonathan Soros | $20.3M | #103 of 251 | 0.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
PM Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 1,558,750,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
46 filers$1.35B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $242.96M | 18.03% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $206.49M | 15.33% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $155.69M | 11.56% | 2026-06-30 |
| 4 | TORONTO DOMINION BANK | $109.45M | 8.12% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $81.66M | 6.06% | 2026-06-30 |
| 6 | Wolverine Trading, LLC Custodian | $72.47M | 5.38% | 2025-09-30 |
| 7 | National Bank of Canada Custodian | $66.03M | 4.90% | 2026-06-30 |
| 8 | Royal Bank of Canada Custodian | $50.66M | 3.76% | 2026-06-30 |
| 9 | Cubist Systematic Strategies, LLC | $47.43M | 3.52% | 2025-09-30 |
| 10 | D. E. Shaw & Co., Inc. Custodian | $36.54M | 2.71% | 2026-06-30 |
| 11 | Millennium Management LLC Custodian | $31.53M | 2.34% | 2026-06-30 |
| 12 | Goldman Sachs Group Inc Custodian | $27.86M | 2.07% | 2026-06-30 |
| 13 | Simplex Trading, LLC Custodian | $25.00M | 1.86% | 2026-06-30 |
| 14 | GROUP ONE TRADING LLC Custodian | $20.73M | 1.54% | 2026-06-30 |
| 15 | UBS Group AG Custodian | $17.64M | 1.31% | 2026-06-30 |
| 16 | Point72 Asset Management, L.P. | $16.37M | 1.22% | 2026-06-30 |
| 17 | Walleye Trading LLC | $15.88M | 1.18% | 2026-06-30 |
| 18 | JPMorgan Chase & Co Custodian | $14.57M | 1.08% | 2026-06-30 |
| 19 | Allianz Asset Management GmbH | $13.33M | 0.99% | 2026-06-30 |
| 20 | Citigroup Inc. Custodian | $12.63M | 0.94% | 2026-06-30 |
| 21 | PEAK6 LLC | $10.66M | 0.79% | 2026-06-30 |
| 22 | Walleye Capital LLC | $10.09M | 0.75% | 2026-06-30 |
| 23 | Squarepoint Ops LLC | $9.52M | 0.71% | 2026-06-30 |
| 24 | CAPITAL FUND MANAGEMENT S.A. | $6.33M | 0.47% | 2026-06-30 |
| 25 | TUDOR INVESTMENT CORP ET AL | $6.13M | 0.46% | 2026-06-30 |
46 filers$1.53B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $340.67M | 22.27% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $287.23M | 18.77% | 2026-06-30 |
| 3 | Citigroup Inc. Custodian | $139.79M | 9.14% | 2026-06-30 |
| 4 | Goldman Sachs Group Inc Custodian | $132.35M | 8.65% | 2026-06-30 |
| 5 | Millennium Management LLC Custodian | $94.96M | 6.21% | 2026-06-30 |
| 6 | Citadel Advisors LLC Custodian | $91.38M | 5.97% | 2026-06-30 |
| 7 | IMC-Chicago, LLC Custodian | $62.20M | 4.07% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $57.78M | 3.78% | 2025-09-30 |
| 9 | Walleye Trading LLC | $34.25M | 2.24% | 2026-06-30 |
| 10 | Simplex Trading, LLC Custodian | $32.27M | 2.11% | 2026-06-30 |
| 11 | CAPSTONE INVESTMENT ADVISORS, LLC | $31.42M | 2.05% | 2026-06-30 |
| 12 | Barclays PLC Custodian | $27.14M | 1.77% | 2026-06-30 |
| 13 | UBS Group AG Custodian | $24.59M | 1.61% | 2026-06-30 |
| 14 | Eisler Capital Management Ltd. | $24.25M | 1.59% | 2025-09-30 |
| 15 | Allianz Asset Management GmbH | $19.47M | 1.27% | 2026-06-30 |
| 16 | PEAK6 LLC | $16.10M | 1.05% | 2026-06-30 |
| 17 | GROUP ONE TRADING LLC Custodian | $13.64M | 0.89% | 2026-06-30 |
| 18 | HSBC Holdings plc Custodian | $13.09M | 0.86% | 2026-06-30 |
| 19 | Parallax Volatility Advisers, L.P. | $12.48M | 0.82% | 2026-06-30 |
| 20 | Cubist Systematic Strategies, LLC | $11.92M | 0.78% | 2025-09-30 |
| 21 | Point72 Asset Management, L.P. | $10.71M | 0.70% | 2026-06-30 |
| 22 | CAPITAL FUND MANAGEMENT S.A. | $6.69M | 0.44% | 2026-06-30 |
| 23 | Qube Research & Technologies Ltd | $6.55M | 0.43% | 2026-06-30 |
| 24 | JPMorgan Chase & Co Custodian | $4.68M | 0.31% | 2026-06-30 |
| 25 | Squarepoint Ops LLC | $4.45M | 0.29% | 2026-06-30 |
PM Insider Trading (Form 4)
Latest: 2026-05-08Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-05-08 | Shlomo Yanai | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Andre Calantzopoulos | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Lisa Hook | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Bonin Bough | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Robert Polet | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Victoria D Harker | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Kalpana Morparia | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Werner Geissler | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-05-08 | Michel Combes | Director | Award (A) | +1,119 | $169.93 | $190.2K | EDGAR |
| 2026-03-09 | Reginaldo Dobrowolski | Group Controller | Tax (F) | −22 | $169.98 | -$3.7K | EDGAR |
| 2026-02-20 | Frederic De Wilde | CEO PMI International | Mixed | −21,000 | $182.58 | -$3.83M | EDGAR |
| 2026-02-20 | Andre Calantzopoulos | Director | Tax (F) | −14,740 | $182.67 | -$2.69M | EDGAR |
| 2026-02-20 | Jacek Olczak | Group CEO PMI | Mixed | −86,121 | $182.21 | -$15.69M | EDGAR |
| 2026-02-20 | Stacey Kennedy | CEO PMI U.S. | Mixed | −18,674 | $183.02 | -$3.42M | EDGAR |
| 2026-02-20 | Yann Guerin | Group Chief Legal Officer | Mixed | −4,176 | $181.73 | -$758.9K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
PM Insider Holdings
21 insiders · @ $199.47
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Andre Calantzopoulos | Director | 987,194 | $196.92M | -$73.81M | 51 | 2026-05-08 |
| 2 | Jacek Olczak | Group CEO PMI | 632,344 | $126.13M | -$32.32M | 38 | 2026-02-20 |
| 3 | Emmanuel Babeau | Group Chief Financial Officer | 198,263 | $39.55M | -$12.00M | 13 | 2026-02-20 |
| 4 | Frederic De Wilde | CEO PMI International | 133,513 | $26.63M | -$21.72M | 38 | 2026-02-20 |
| 5 | Stefano Volpetti | Pr.SmokeFree&ChiefCons.Officer | 117,380 | $23.41M | -$1.32M | 12 | 2025-02-21 |
| 6 | Werner Barth | Pr.Combusibles&GlobalComb.Mktg | 116,244 | $23.19M | -$5.94M | 24 | 2025-02-21 |
| 7 | Werner Geissler | Director | 98,356 | $19.62M | $3.97M | 13 | 2026-05-08 |
| 8 | Massimo Andolina | President, Europe Region | 86,737 | $17.30M | -$4.54M | 18 | 2025-02-25 |
| 9 | Stacey Kennedy | CEO PMI U.S. | 45,301 | $9.04M | -$6.55M | 21 | 2026-02-20 |
| 10 | Yann Guerin | Group Chief Legal Officer | 38,412 | $7.66M | -$1.32M | 6 | 2026-02-20 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
PM Board & Officers
As of SEC filings through Aug 3, 2026Directors 11
- Robert Polet · since Sep 13, 2011
- Kalpana Morparia · since Dec 6, 2011
- Werner Geissler · since Jan 2, 2015
- Lisa Hook · since May 9, 2018
- Michel Combes · since Dec 10, 2020
- Bonin Bough · since Feb 4, 2021
- Shlomo Yanai · since May 5, 2021
- Dessislava Temperley · since Dec 6, 2021
- Andre Calantzopoulos · listed since Feb 2022
- Jacek Olczak · listed since Feb 2022
- Victoria D Harker · since Jan 1, 2024
Officers 8
- Frederic De Wilde · CEO PMI International · listed since Feb 2026
- Jacek Olczak · Group CEO PMI · listed since Feb 2026
- Stacey Kennedy · CEO Pmi U.s. · listed since Feb 2026
- Massimo Andolina · President, Europe Region · listed since Feb 2023
- Mindaugas Trumpaitis · President Combustibles Cat. · since Jun 1, 2025
- Emmanuel Babeau · Group Chief Financial Officer · listed since Feb 2026
- Yann Guerin · Group Chief Legal Officer · listed since Feb 2026
- Reginaldo Dobrowolski · Group Controller · listed since Feb 2026
Changes in the last 10 years (67)
| Feb 9, 2026 | Yann Guerin listed as Group Chief Legal Officer (previously SVP & General Counsel) in SEC filings |
| Feb 9, 2026 | Stacey Kennedy listed as CEO Pmi U.s. (previously Pres. Americas Region) in SEC filings |
| Feb 9, 2026 | Reginaldo Dobrowolski listed as Group Controller (previously Vice President and Controller) in SEC filings |
| Feb 9, 2026 | Jacek Olczak listed as Group CEO PMI (previously Chief Executive Officer) in SEC filings |
| Feb 9, 2026 | Frederic De Wilde listed as CEO PMI International (previously Pr SSEA CIS & MEA Region) in SEC filings |
| Feb 9, 2026 | Emmanuel Babeau listed as Group Chief Financial Officer (previously Chief Financial Officer) in SEC filings |
| Jun 1, 2025 | Mindaugas Trumpaitis became President Combustibles Cat. |
| May 10, 2024 | Andre Calantzopoulos no longer listed as Exec. Chairman of the Board in SEC filings |
| May 1, 2024 | Vasileios Gkatzelis became Pres. E.A., Aus., and PMI DF |
| Feb 23, 2024 | Yann Guerin listed as SVP & General Counsel (previously SVP & Global Head of L&C) in SEC filings |
| Jan 1, 2024 | Victoria D Harker became a director |
| Jun 1, 2023 | Yann Guerin became SVP & Global Head of L&C |
| Feb 27, 2023 | The company announced the departure of Drago Azinovic as Pres. Mid East, Africa, DF in an SEC filing |
| Feb 10, 2023 | Stacey Kennedy listed as Pres. Americas Region (previously Pres. South & Southeast Asia) in SEC filings |
| Feb 10, 2023 | Paul Riley listed as Pr East Asia, Australia & DF (previously Pres East Asia & Australia) in SEC filings |
| Feb 10, 2023 | Massimo Andolina listed as President, Europe Region (previously Sr. VP, Operations) in SEC filings |
| Feb 10, 2023 | Frederic De Wilde listed as Pr SSEA CIS & MEA Region (previously Pres., European Union Region) in SEC filings |
| Jan 1, 2023 | Lars Dahlgren became Pres. Smoke-Free Oral Products |
| Feb 14, 2022 | Werner Barth listed as Pr.Combusibles&GlobalComb.Mktg (previously Sr. VP, Commercial) in SEC filings |
| Feb 14, 2022 | Stefano Volpetti listed as Pr.SmokeFree&ChiefCons.Officer (previously Chief Consumer Officer) in SEC filings |
| Feb 14, 2022 | Jacek Olczak listed as Chief Executive Officer (previously Chief Operating Officer) in SEC filings |
| Feb 14, 2022 | Jacek Olczak first listed as a director in an SEC filing |
| Feb 14, 2022 | Andre Calantzopoulos listed as Exec. Chairman of the Board (previously Chief Executive Officer) in SEC filings |
| Feb 14, 2022 | Andre Calantzopoulos first listed as a director in an SEC filing |
| Dec 6, 2021 | Dessislava Temperley became a director |
| Sep 2, 2021 | Deepak Mishra listed as President, Americas Region (previously Chief Strategy Officer) in SEC filings |
| Aug 1, 2021 | Reginaldo Dobrowolski became Vice President and Controller |
| Jul 28, 2021 | Martin G. King reported in an SEC filing no longer being CEO, PMI America |
| May 5, 2021 | Shlomo Yanai became a director |
| May 5, 2021 | Juan J. Daboub became a director |
| Feb 8, 2021 | Martin G. King listed as CEO, PMI America (previously Chief Financial Officer) in SEC filings |
| Feb 4, 2021 | Bonin Bough became a director |
| Jan 1, 2021 | Jorge Insuasty became Chief Life Sciences Officer |
| Dec 10, 2020 | Michel Combes became a director |
| Sep 1, 2020 | Gregoire Verdeaux became Sr. VP External Affairs |
| Jul 1, 2020 | Suzanne R Folsom became Sr VP & General Counsel |
| May 1, 2020 | Emmanuel Babeau became Chief Financial Officer |
| Mar 15, 2020 | Silke Muenster became Chief Diversity Officer |
| Feb 10, 2020 | Miroslaw Zielinski listed as Chief New Ventures Officer (previously Pres, Science & Innovation) in SEC filings |
| Feb 10, 2020 | Charles Bendotti listed as Global Head of People&Culture (previously Sr VP, People & Culture) in SEC filings |
| Aug 1, 2019 | Bin Li became Chief Product Officer |
| Jun 3, 2019 | Stefano Volpetti became Chief Consumer Officer |
| May 17, 2019 | John O'Mullane became Chief Life Sciences Officer |
| Feb 1, 2019 | Michael Voegele became Chief Technology Officer |
| Jan 14, 2019 | Michael R. Kunst became SrVP Commercial Transformation |
| Sep 1, 2018 | Deepak Mishra became Chief Strategy Officer |
| Jul 1, 2018 | Mario Masseroli became Pres., Latin America & Canada |
| May 11, 2018 | Louis C Camilleri first listed as a director in an SEC filing |
| May 9, 2018 | Lisa Hook became a director |
| Apr 16, 2018 | Marian Salzman became Sr. VP, Global Communications |
| Feb 12, 2018 | Werner Barth listed as Sr. VP, Commercial (previously Sr. VP, Marketing and Sales) in SEC filings |
| Feb 12, 2018 | Patrick Brunel listed as Chief Information Officer (previously Sr. VP & Chief Info Officer) in SEC filings |
| Feb 12, 2018 | Miroslaw Zielinski listed as Pres, Science & Innovation (previously Pres, Reduced-Risk Products) in SEC filings |
| Feb 12, 2018 | Martin G. King listed as Chief Financial Officer (previously President, Asia Region) in SEC filings |
| Feb 12, 2018 | Marco Mariotti listed as Pres. Eastern Europe Region (previously Sr. VP, Corp. Affairs) in SEC filings |
| Feb 12, 2018 | Marc S Firestone listed as Pres Ext Aff & Gen Counsel (previously Sr. VP & General Counsel) in SEC filings |
| Feb 12, 2018 | Jacek Olczak listed as Chief Operating Officer (previously Chief Financial Officer) in SEC filings |
| Feb 12, 2018 | Drago Azinovic listed as Pres. Mid East, Africa, DF (previously Pres. EEMA & Duty Free) in SEC filings |
| Feb 12, 2018 | Charles Bendotti listed as Sr VP, People & Culture (previously Senior VP, Human Resources) in SEC filings |
| Jan 1, 2018 | Stacey Kennedy became Pres. South & Southeast Asia |
| Jan 1, 2018 | Paul Riley became Pres East Asia & Australia |
| Jan 1, 2018 | Massimo Andolina became Sr. VP, Operations |
| Jan 1, 2018 | Jaime Suarez became Chief Digital Officer |
| Jan 2, 2017 | Charles Bendotti became Senior VP, Human Resources |
| Dec 6, 2016 | Massimo Ferragamo became a director |
| Dec 1, 2016 | Paul Janelle became VP, Corp Planning & Busi Devel |
| Dec 1, 2016 | Frank de Rooij became VP, Treasury & Corp Finance |
Not reported recently (37)
- Lars Dahlgren · Last reported as Pres. Smoke-Free Oral Products in an SEC filing dated Mar 7, 2025
- Werner Barth · Last reported as Pr.Combusibles&GlobalComb.Mktg in an SEC filing dated Feb 21, 2025
- Stefano Volpetti · Last reported as Pr.SmokeFree&ChiefCons.Officer in an SEC filing dated Feb 21, 2025
- Vasileios Gkatzelis · Last reported as Pres. E.A., Aus., and PMI DF in an SEC filing dated Feb 21, 2025
- Juan J. Daboub · Last reported as a director in an SEC filing dated May 10, 2024
- Jun Makihara · Last reported as a director in an SEC filing dated Apr 2, 2024
- Paul Riley · Last reported as Pr East Asia, Australia & DF in an SEC filing dated Feb 23, 2024
- Lucio A Noto · Last reported as a director in an SEC filing dated Apr 4, 2023
- Suzanne R Folsom · Last reported as Sr VP & General Counsel in an SEC filing dated Feb 10, 2023
- Marco Mariotti · Last reported as Pres. Eastern Europe Region in an SEC filing dated Feb 18, 2022
- Deepak Mishra · Last reported as President, Americas Region in an SEC filing dated Feb 18, 2022
- Mario Masseroli · Last reported as Pres., Latin America & Canada in an SEC filing dated May 12, 2021
- Marian Salzman · Last reported as Sr. VP, Global Communications in an SEC filing dated Apr 1, 2021
- Michael Voegele · Last reported as Chief Technology Officer in an SEC filing dated Apr 1, 2021
- Bin Li · Last reported as Chief Product Officer in an SEC filing dated Apr 1, 2021
- Jorge Insuasty · Last reported as Chief Life Sciences Officer in an SEC filing dated Apr 1, 2021
- Gregoire Verdeaux · Last reported as Sr. VP External Affairs in an SEC filing dated Mar 23, 2021
- Charles Bendotti · Last reported as Global Head of People&Culture in an SEC filing dated Mar 1, 2021
- Andreas Kurali · Last reported as Vice President and Controller in an SEC filing dated Feb 19, 2021
- Frank de Rooij · Last reported as VP, Treasury & Corp Finance in an SEC filing dated Feb 19, 2021
- Silke Muenster · Last reported as Chief Diversity Officer in an SEC filing dated Feb 19, 2021
- Michael R. Kunst · Last reported as SrVP Commercial Transformation in an SEC filing dated Feb 8, 2021
- John O'Mullane · Last reported as Chief Life Sciences Officer in an SEC filing dated Feb 8, 2021
- Louis C Camilleri · Last reported as a director in an SEC filing dated Aug 24, 2020
- Marc S Firestone · Last reported as Pres Ext Aff & Gen Counsel in an SEC filing dated Aug 12, 2020
- Jennifer Li · Last reported as a director in an SEC filing dated May 8, 2020
- Miroslaw Zielinski · Last reported as Chief New Ventures Officer in an SEC filing dated Feb 21, 2020
- Jerry Whitson · Last reported as Deputy Gen. Counsel&Corp. Secy in an SEC filing dated Feb 21, 2020
- Jaime Suarez · Last reported as Chief Digital Officer in an SEC filing dated Feb 21, 2020
- Massimo Ferragamo · Last reported as a director in an SEC filing dated Jan 3, 2020
- Stephen M Wolf · Last reported as a director in an SEC filing dated May 3, 2019
- Harold Brown · Last reported as a director in an SEC filing dated May 11, 2018
- Sergio Marchionne · Last reported as a director in an SEC filing dated May 11, 2018
- Paul Janelle · Last reported as VP, Corp Planning & Busi Devel in an SEC filing dated Apr 25, 2018
- Patrick Brunel · Last reported as Chief Information Officer in an SEC filing dated Feb 23, 2018
- Jeanne Polles · Last reported as Pres., Latin America & Canada in an SEC filing dated Feb 23, 2018
- Antonio Marques · Last reported as SVP, Operations in an SEC filing dated Feb 17, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
PM Proposed Insider Sales (Form 144)
Latest: 2026-02-20
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-02-20 | CRISTINA HARUMI OKA DOBROWOLSKI | Member of immediate family of any of the foregoing | 1,000 | $183.6K | 2026-02-20 | UBS Financial Services Inc | — | EDGAR |
| 2026-02-20 | REGINALDO DOBROWOLSKI | Officer | 5,000 | $917.3K | 2026-02-20 | UBS Financial Services Inc | — | EDGAR |
| 2026-02-20 | STACEY R KENNEDY | Officer | 14,350 | $2.63M | 2026-02-20 | UBS Financial Services Inc | — | EDGAR |
| 2026-02-19 | EMMANUEL BABEAU | Officer | 33,800 | $6.14M | 2026-02-19 | UBS Financial Services Inc | — | EDGAR |
| 2026-02-19 | JACEK OLCZAK | Officer | 80,000 | $14.57M | 2026-02-19 | UBS Financial Services Inc | — | EDGAR |
| 2026-02-19 | FREDERIC J DE WILDE | Officer | 20,000 | $3.65M | 2026-02-19 | UBS Financial Services Inc | — | EDGAR |
| 2026-02-19 | YANN GUERIN | Officer | 4,000 | $726.7K | 2026-02-19 | UBS Financial Services Inc | — | EDGAR |
| 2025-03-06 | LARS DAHLGREN | Officer | 3,679 | $562.7K | 2025-03-06 | UBS Financial Services Inc | — | EDGAR |
| 2025-02-24 | MASSIMO ANDOLINA | Officer | 17,500 | $2.73M | 2025-02-24 | UBS Financial Services Inc | — | EDGAR |
| 2025-02-20 | EMMANUEL BABEAU | Officer | 30,000 | $4.47M | 2025-02-20 | UBS Financial Services Inc | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-02
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-06-02 | 0001628280-26-039666 | EDGAR |
| 2026-05-20 | 0001628280-26-036721 | EDGAR |
| 2026-05-08 | 0001628280-26-032644 | EDGAR |
| 2026-05-06 | 0001628280-26-030959 | EDGAR |
| 2026-04-29 | 0001104659-26-051491 | EDGAR |
| 2026-04-22 | 0001628280-26-026385 | EDGAR |
| 2026-03-13 | 0001628280-26-017497 | EDGAR |
| 2026-03-05 | 0001628280-26-014994 | EDGAR |
| 2026-02-18 | 0001628280-26-008790 | EDGAR |
| 2026-02-18 | 0001628280-26-008831 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-06 | 0001628280-26-005939 | EDGAR |
| 2025-02-06 | 0001413329-25-000013 | EDGAR |
| 2024-02-08 | 0001413329-24-000013 | EDGAR |
| 2023-02-10 | 0001413329-23-000025 | EDGAR |
| 2022-02-11 | 0001413329-22-000011 | EDGAR |
| 2021-02-09 | 0001413329-21-000007 | EDGAR |
| 2020-02-07 | 0001413329-20-000007 | EDGAR |
| 2019-02-07 | 0001413329-19-000007 | EDGAR |
| 2018-02-13 | 0001413329-18-000007 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-04-24 | 0001628280-26-027019 | EDGAR |
| 2025-10-24 | 0001628280-25-046179 | EDGAR |
| 2025-07-25 | 0001413329-25-000150 | EDGAR |
| 2025-04-24 | 0001413329-25-000094 | EDGAR |
| 2024-10-24 | 0001413329-24-000172 | EDGAR |
| 2024-07-25 | 0001413329-24-000145 | EDGAR |
| 2024-04-26 | 0001413329-24-000087 | EDGAR |
| 2023-10-26 | 0001413329-23-000201 | EDGAR |
| 2023-07-27 | 0001413329-23-000176 | EDGAR |
| 2023-04-26 | 0001413329-23-000117 | EDGAR |
ETF Holders
400 ETFs hold PM
25 shown · $38.55B total exposure · 0.64% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.41% | $9.4B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.45% | $7.8B | — | 2026-09-30 |
| 3 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.46% | $4.1B | $878.4B | 2026-10-21 |
| 4 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.46% | $3.8B | $820.7B | 2026-10-21 |
| 5 | VTV Vanguard Morningstar Value ETF | Vanguard | 1.13% | $2.8B | — | 2026-09-30 |
| 6 | VYM Vanguard High Dividend Yield ETF | Vanguard | 1.26% | $1.2B | — | 2026-09-30 |
| 7 | DGRO iShares Core Dividend Growth ETF | iShares (BlackRock) | 2.19% | $969.6M | $44.8B | 2026-10-21 |
| 8 | XLP State Street® Consumer Staples Select Sector SPDR® ETF | SPDR (State Street) | 6.39% | $935.3M | $14.6B | 2026-10-21 |
| 9 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.46% | $848.8M | $184.5B | 2026-10-21 |
| 10 | HDV iShares Core High Dividend ETF | iShares (BlackRock) | 4.98% | $774.4M | $15.9B | 2026-10-21 |
| 11 | JEPI JPMorgan Equity Premium Income ETF | JPMorgan | 1.61% | $740.4M | $45.9B | 2026-10-22 |
| 12 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.81% | $688.5M | $84.8B | 2026-10-21 |
| 13 | CGDV Capital Group Dividend Value ETF | Capitalgroup | 1.54% | $601.8M | $39.1B | 2026-10-21 |
| 14 | FDL First Trust Morningstar Dividend Leaders Index Fund | First Trust | 6.39% | $515.8M | $8.1B | 2026-10-21 |
| 15 | VDC Vanguard Consumer Staples ETF | Vanguard | 4.85% | $421.1M | — | 2026-09-30 |
| 16 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.41% | $399.8M | $96.2B | 2026-10-21 |
| 17 | IVW iShares S&P 500 Growth ETF | iShares (BlackRock) | 0.47% | $367.0M | $75.8B | 2026-10-21 |
| 18 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.46% | $350.3M | — | 2026-09-30 |
| 19 | SCHX Schwab U.S. Large-Cap ETF | Nport | 0.40% | $293.2M | — | 2026-05-31 |
| 20 | DVY iShares Select Dividend ETF | iShares (BlackRock) | 1.19% | $277.5M | $23.7B | 2026-10-21 |
| 21 | SPYG State Street® SPDR® Portfolio S&P 500® Growth ETF | SPDR (State Street) | 0.47% | $266.1M | $56.4B | 2026-10-21 |
| 22 | VT Vanguard Total World Stock ETF | Vanguard | 0.25% | $258.1M | — | 2026-09-30 |
| 23 | CGDG Capital Group Dividend Growers ETF | Capitalgroup | 4.11% | $239.9M | $5.8B | 2026-10-21 |
| 24 | IVE iShares S&P 500 Value ETF | iShares (BlackRock) | 0.45% | $225.1M | $50.7B | 2026-10-21 |
| 25 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.43% | $212.3M | $48.6B | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
28.66
TTM Diluted EPS
$6.96
TTM Revenue
$42.55B
TTM Net Income
$10.86B
TTM Op. Cash Flow
$14.26B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $11.19B | $2.82B | $1.80 | $5.49B |
| Q1 '26 | 2026-03-31 | $10.15B | $2.44B | $1.56 | $-399.00M |
| Q4 '25 | 2025-12-31 | $10.36B | $2.13B | $1.37 | $4.71B |
| Q3 '25 | 2025-09-30 | $10.85B | $3.47B | $2.23 | $4.46B |
| Q2 '25 | 2025-06-30 | $10.14B | $3.04B | $1.95 | $3.41B |
| Q1 '25 | 2025-03-31 | $9.30B | $2.69B | $1.72 | $-350.00M |
| Q4 '24 | 2024-12-31 | $9.71B | $-580.00M | $-0.37 | $4.00B |
| Q3 '24 | 2024-09-30 | $9.91B | $3.07B | $1.97 | $3.34B |
| Q2 '24 | 2024-06-30 | $9.47B | $2.41B | $1.54 | $4.63B |
| Q1 '24 | 2024-03-31 | $8.79B | $2.15B | $1.38 | $241.00M |
| Q4 '23 | 2023-12-31 | $9.05B | $2.19B | $1.41 | $3.30B |
| Q3 '23 | 2023-09-30 | $9.14B | $2.05B | $1.32 | $3.42B |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-24
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
28.66
P/B
—
P/S
7.31
EV/EBITDA
19.18
EV/Sales
8.16
ROE
—
ROA
15.9%
Div Yield
2.86%
FCF Yield
4.59%
Debt/Equity
—
Current Ratio
—
Market Cap
$310.92B
as of 2026-10-23
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
17.75M
SI % of Float
1.14%
Days to Cover
3.64
Short Vol Ratio
50.1%
Free Float
1.56B
Float %
99.9%
Short interest 2026-09-30 • Short volume 2026-10-23 • Float 2026-07-24