Central Pacific Bank Trust Division Has $4.17 Million Stock Position in Philip Morris International Inc. $PM

Key Points

• Central Pacific Bank Trust Division reduced its stake in Philip Morris International Inc. by 16.1%, resulting in a holding of 22,914 shares valued at approximately $4.17 million as of the end of the last quarter.
• Analysts have mixed ratings for Philip Morris International, with UBS Group lowering its price target from $177.00 to $166.00 while Jefferies Financial Group set a price target of $220.00.
• Philip Morris reported earnings of $1.91 per share in its last quarter, surpassing expectations, although its revenue fell short at $10.14 billion compared to the projected $10.33 billion.

Central Pacific Bank Trust Division cut its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 16.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,914 shares of the company's stock after selling 4,387 shares during the quarter. Central Pacific Bank Trust Division's holdings in Philip Morris International were worth $4,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International during the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC grew its holdings in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after buying an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Philip Morris International during the 1st quarter worth approximately $34,000. Pacifica Partners Inc. grew its holdings in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International during the 1st quarter worth approximately $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on PM shares. UBS Group decreased their price target on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. upped their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Stock Performance

NYSE:PM opened at $166.18 on Friday. The stock has a 50-day simple moving average of $168.89 and a 200 day simple moving average of $167.64. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a market cap of $258.67 billion, a PE 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 issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The business's quarterly 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. On average, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

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.

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