Acadian Asset Management LLC Buys 743,791 Shares of Philip Morris International Inc. $PM

Key Points

• Acadian Asset Management LLC increased its stake in Philip Morris International by 81.1%, acquiring 743,791 additional shares, bringing their total ownership to 1,660,629 shares valued at approximately $263.57 million.
• Philip Morris International reported $1.91 EPS for its latest quarter, surpassing the consensus estimate of $1.86, while the revenue was $10.14 billion, below expectations.
• Despite a strong quarterly performance, analysts have varied price targets for the stock, with Barclays setting a new price objective at $220.00 and Bank of America increasing their target from $182.00 to $200.00.

Acadian Asset Management LLC grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 81.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,660,629 shares of the company's stock after purchasing an additional 743,791 shares during the period. Acadian Asset Management LLC owned about 0.11% of Philip Morris International worth $263,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PM. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $34,000. Pacifica Partners Inc. boosted its stake in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $35,000. Finally, 1 North Wealth Services LLC bought a new position in Philip Morris International in the 1st quarter valued at approximately $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 1.0%

Philip Morris International stock traded down $1.72 during mid-day trading on Friday, hitting $166.18. 3,691,351 shares of the stock were exchanged, compared to its average volume of 4,931,464. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm's fifty day simple moving average is $168.89 and its two-hundred day simple moving average is $167.64. The stock has a market capitalization of $258.67 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.44 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the business earned $1.59 EPS. The company's revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PM. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. KGI Securities began coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating on the stock. Jefferies Financial Group began coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.