IFM Investors Pty Ltd Sells 1,981 Shares of Philip Morris International Inc. $PM

Key Points

• IFM Investors Pty Ltd reduced its stake in Philip Morris International Inc. by 0.9%, selling 1,981 shares, while still holding 228,687 shares valued at approximately $36.3 million.
• Several other institutional investors increased their holdings in Philip Morris, with notable increases such as 79.0% from 49 Wealth Management LLC and 704.0% from Cortland Associates Inc. MO.
• Analysts have mixed ratings for Philip Morris, with a consensus target price of $184.91 and 12 analysts rating it as a "Buy," while one rated it a "Hold."

IFM Investors Pty Ltd reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 228,687 shares of the company's stock after selling 1,981 shares during the period. IFM Investors Pty Ltd's holdings in Philip Morris International were worth $36,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. Nuveen LLC acquired a new stake in shares of Philip Morris International in the 1st quarter valued at $1,712,994,000. Wellington Management Group LLP increased its stake in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after buying an additional 4,563,632 shares during the period. GAMMA Investing LLC increased its stake 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 period. Goldman Sachs Group Inc. boosted its position 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 worth $1,554,686,000 after purchasing an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after purchasing an additional 1,635,636 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PM shares. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Stock Performance

NYSE:PM traded down $1.72 on Friday, reaching $166.18. The company's stock had a trading volume of 3,691,351 shares, compared to its average volume of 4,931,464. 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 cap of $258.67 billion, a PE ratio of 31.59, a PEG ratio of 2.44 and a beta of 0.49. The business's 50-day moving average price is $168.89 and its two-hundred day moving average price is $167.64.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results 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 firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the firm earned $1.59 earnings per share. The company'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. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

About Philip Morris International

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.