Philip Morris International Inc. $PM Shares Purchased by Park National Corp OH

Key Points

• Park National Corp OH increased its stake in Philip Morris International Inc. by 25.1% during the second quarter, owning 9,443 shares worth approximately $1.72 million at the reporting period's end.
• Analyst ratings indicate a favorable outlook, with an average price target of $184.91 and most analysts rating the stock as a Moderate Buy.
• Philip Morris International's latest quarterly earnings surpassed expectations, reporting $1.91 earnings per share, along with a year-over-year revenue increase of 7.1%.

Park National Corp OH boosted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 25.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,443 shares of the company's stock after purchasing an additional 1,894 shares during the period. Park National Corp OH's holdings in Philip Morris International were worth $1,720,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PM. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC increased its position in shares of Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after acquiring an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International in the first quarter worth about $34,000. Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% in 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 during the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new position in Philip Morris International in the first quarter valued at about $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target 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. KGI Securities initiated coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating on the stock. 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. Finally, Barclays cut 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 research note on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $184.91.

Philip Morris International Stock Performance

NYSE PM opened at $166.18 on Friday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a 50-day simple moving average of $168.89 and a 200-day simple moving average of $167.73. The firm has a market capitalization of $258.67 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.49.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. Philip Morris International's quarterly 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. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current 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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