OMNI 360 Wealth Inc. Takes Position in Philip Morris International Inc. $PM

Key Points

• OMNI 360 Wealth Inc. acquired a new stake in Philip Morris International Inc., purchasing 1,772 shares valued at approximately $323,000 during the 2nd quarter.
• Several large investors, including Salem Investment Counselors Inc. and TruWealth Advisors LLC, have recently adjusted their positions in Philip Morris, indicating strong interest from institutional investors with 78.63% of the stock owned by them.
• Analysts have mixed views on Philip Morris, with twelve rating it a Buy and one a Hold, while price targets range from $175.00 to $225.00, reflecting varied confidence in the stock.

OMNI 360 Wealth Inc. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,772 shares of the company's stock, valued at approximately $323,000.

Several other large investors have also recently made changes to their positions in the business. Salem Investment Counselors Inc. increased its position in shares of Philip Morris International by 1.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 24,455 shares of the company's stock valued at $4,485,000 after purchasing an additional 238 shares during the last quarter. TruWealth Advisors LLC increased its holdings in Philip Morris International by 11.1% in the 2nd quarter. TruWealth Advisors LLC now owns 2,112 shares of the company's stock worth $385,000 after acquiring an additional 211 shares during the last quarter. Whitcomb & Hess Inc. purchased a new stake in Philip Morris International in the 2nd quarter worth about $216,000. Garde Capital Inc. increased its holdings in Philip Morris International by 8.7% in the 2nd quarter. Garde Capital Inc. now owns 6,241 shares of the company's stock worth $1,137,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital Market Strategies LLC purchased a new stake in Philip Morris International in the 2nd quarter worth about $215,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on PM. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. 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 report on Thursday, July 10th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $184.91.

Philip Morris International Stock Down 1.0%

Shares of NYSE PM opened at $166.18 on Friday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The business has a 50-day simple moving average of $168.89 and a two-hundred day simple moving average of $167.73. The company has a market cap of $258.67 billion, a P/E ratio of 31.59, a P/E/G ratio of 2.44 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current 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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