Community Trust & Investment Co. Has $3.93 Million Stock Position in Philip Morris International Inc. $PM

Key Points

• Community Trust & Investment Co. reduced its holdings in Philip Morris International Inc. by 25.6% in the second quarter, owning approximately $3.93 million in the company's stock.
• Philip Morris reported a quarterly earnings per share of $1.91, surpassing analysts' expectations of $1.86, while its revenue showed a 7.1% year-over-year increase.
• The current average rating for Philip Morris International shares is a Moderate Buy from analysts, with a target price averaging $184.91.

Community Trust & Investment Co. lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 25.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,596 shares of the company's stock after selling 7,443 shares during the period. Community Trust & Investment Co.'s holdings in Philip Morris International were worth $3,933,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Nuveen LLC bought a new position in shares of Philip Morris International in the first quarter valued at about $1,712,994,000. Wellington Management Group LLP boosted its position in Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after buying an additional 4,464,590 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after purchasing an additional 1,635,636 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $166.17 on Thursday. The company has a market cap of $258.66 billion, a P/E ratio of 31.59, a PEG ratio of 2.36 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The stock has a 50 day simple moving average of $167.98 and a two-hundred day simple moving average of $167.83.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping 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 business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business's revenue was up 7.1% on a year-over-year basis. 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 year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PM shares. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Citigroup restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.

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