First Long Island Investors LLC Decreases Position in Philip Morris International Inc. $PM

Key Points

• First Long Island Investors LLC has reduced its stake in Philip Morris International by 19.3%, now holding 163,842 shares valued at approximately $26 million, making it the firm's 17th largest holding.
• Various institutional investors have been active in the first quarter, with notable increases in stake by firms like CBIZ Investment Advisory Services and Pacifica Partners, reflecting strong interest in Philip Morris.
• Analysts have mixed views on Philip Morris stock, with price targets ranging from $166 to $190 and a consensus rating of "Moderate Buy", indicating potential for growth despite recent price adjustments.

First Long Island Investors LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,842 shares of the company's stock after selling 39,176 shares during the quarter. Philip Morris International makes up approximately 2.1% of First Long Island Investors LLC's portfolio, making the stock its 17th largest holding. First Long Island Investors LLC's holdings in Philip Morris International were worth $26,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC lifted its stake 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in Philip Morris International in the 1st quarter valued at about $34,000. Pacifica Partners Inc. lifted its stake in 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 buying an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new position in Philip Morris International in the 1st quarter valued at about $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PM shares. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group decreased their price target on shares of 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. Barclays decreased their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an "outperform" rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Price Performance

PM opened at $168.01 on Friday. The company's 50 day simple moving average is $169.14 and its two-hundred day simple moving average is $167.58. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The firm has a market capitalization of $261.52 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the company posted $1.59 EPS. 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, equities analysts anticipate 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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