Hodges Capital Management Inc. Has $1.47 Million Stock Holdings in Philip Morris International Inc. $PM

Key Points

• Hodges Capital Management Inc. reduced its stake in Philip Morris International Inc. by 47.3% in the first quarter, selling 8,311 shares and retaining 9,266 shares valued at approximately $1.47 million.
• Several institutional investors, including Nuveen LLC and Wellington Management Group LLP, have significantly increased their holdings in Philip Morris International, raising its institutional ownership to 78.63% of total shares.
• Philip Morris reported a quarterly EPS of $1.91, exceeding analysts' expectations, with a revenue of $10.14 billion, which was slightly below forecasted estimates of $10.33 billion.

Hodges Capital Management Inc. decreased its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 47.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,266 shares of the company's stock after selling 8,311 shares during the quarter. Hodges Capital Management Inc.'s holdings in Philip Morris International were worth $1,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Modern Wealth Management LLC grew its holdings in shares of Philip Morris International by 4.5% during the first quarter. Modern Wealth Management LLC now owns 17,656 shares of the company's stock worth $2,802,000 after buying an additional 757 shares in the last quarter. Strs Ohio bought a new stake in Philip Morris International in the 1st quarter valued at approximately $107,255,000. Wealth Management Associates Inc. bought a new position in shares of Philip Morris International during the 1st quarter worth approximately $243,000. Intrua Financial LLC raised its holdings in shares of Philip Morris International by 2.6% in the first quarter. Intrua Financial LLC now owns 2,953 shares of the company's stock valued at $469,000 after purchasing an additional 75 shares during the last quarter. Finally, Rollins Financial Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at approximately $201,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE PM traded down $4.34 during trading on Monday, reaching $161.77. 5,582,620 shares of the company's stock were exchanged, compared to its average volume of 4,914,654. The business has a 50 day moving average price of $168.50 and a 200-day moving average price of $167.87. The stock has a market capitalization of $251.80 billion, a P/E ratio of 30.75, a PEG ratio of 2.41 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.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the firm posted $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, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PM. Bank of America increased their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. 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. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Finally, Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International 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.