Howe & Rusling Inc. Reduces Holdings in Philip Morris International Inc. $PM

Key Points

• Howe & Rusling Inc. has decreased its holdings in Philip Morris International Inc. by 10.1%, reducing its ownership to 121,405 shares worth approximately $19.27 million.
• A variety of large investors have been actively trading Philip Morris stocks, with institutions owning 78.63% of the company's shares.
• Analysts maintain a consensus rating of "Moderate Buy" for Philip Morris International, with an average target price of $184.91.

Howe & Rusling Inc. decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,405 shares of the company's stock after selling 13,636 shares during the quarter. Philip Morris International accounts for about 1.6% of Howe & Rusling Inc.'s investment portfolio, making the stock its 15th largest position. Howe & Rusling Inc.'s holdings in Philip Morris International were worth $19,271,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PM. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International during the first quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in Philip Morris International during the first quarter valued at approximately $34,000. Pacifica Partners Inc. lifted its holdings in Philip Morris International by 115.0% during the first 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. Finally, Redmont Wealth Advisors LLC purchased a new position in Philip Morris International during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. UBS Group lowered 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 report on Friday, September 5th. Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Barclays lowered their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Trading Up 1.6%

Shares of NYSE PM opened at $168.01 on Friday. The firm's 50-day moving average price is $169.14 and its 200-day moving average price is $167.58. The stock has a market capitalization of $261.52 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.40 and a beta of 0.49. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS 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 company 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 posted $1.59 earnings per share. The firm'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 predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

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.

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