Intech Investment Management LLC Trims Position in Philip Morris International Inc. $PM

Key Points

• Intech Investment Management LLC reduced its holdings in Philip Morris International Inc. by 14.6% during the first quarter, owning 45,375 shares worth $7.2 million after selling 7,769 shares.
• Several institutional investors have significantly increased their positions in Philip Morris, with Nuveen LLC acquiring a stake valued at $1.71 billion and Wellington Management Group LLP boosting their stake by 26.4%.
• Analysts remain optimistic about Philip Morris International, with most rating it as a "Moderate Buy" and several increasing their price targets, including a recent target price raised to $190.00 by JPMorgan Chase & Co..

Intech Investment Management LLC cut its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 14.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,375 shares of the company's stock after selling 7,769 shares during the period. Intech Investment Management LLC's holdings in Philip Morris International were worth $7,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Nuveen LLC purchased a new stake in shares of Philip Morris International in the first quarter worth $1,712,994,000. Wellington Management Group LLP increased its stake in shares of Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after purchasing an additional 4,464,590 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Philip Morris International by 57.5% in the first 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 22.2% in 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 in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of 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 began coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. UBS Group lowered their target price 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. Needham & Company LLC reissued a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Stock Performance

PM stock opened at $168.01 on Friday. The firm has a fifty day moving average price of $169.14 and a 200 day moving average price of $167.58. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a market cap of $261.52 billion, a PE 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 posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating 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 firm had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm posted $1.59 earnings per share. Philip Morris International's revenue for the quarter was up 7.1% compared to the same quarter last year. 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 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.

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