Philip Morris International Inc. $PM Shares Sold by HBW Advisory Services LLC

Key Points

• HBW Advisory Services LLC has sold 2,166 shares of Philip Morris International Inc., reducing its holdings by 9.5% to a total of 20,608 shares, valued at approximately $3.75 million.
• Numerous institutional investors have adjusted their positions, with varying increases and decreases, while 78.63% of the stock is owned by institutional investors and hedge funds.
• Philip Morris reported a quarterly EPS of $1.91, exceeding analysts' expectations, although it reported revenue of $10.14 billion, slightly below the forecast of $10.33 billion.

HBW Advisory Services LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,608 shares of the company's stock after selling 2,166 shares during the period. HBW Advisory Services LLC's holdings in Philip Morris International were worth $3,753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Perigon Wealth Management LLC grew its holdings in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after acquiring an additional 60 shares during the period. TBH Global Asset Management LLC grew its holdings in Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after acquiring an additional 61 shares during the period. NFP Retirement Inc. grew its holdings in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock worth $411,000 after acquiring an additional 62 shares during the period. Capital Advisors Wealth Management LLC grew its holdings in Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after acquiring an additional 63 shares during the period. Finally, Renasant Bank grew its holdings in Philip Morris International by 3.3% during the first quarter. Renasant Bank now owns 1,994 shares of the company's stock worth $317,000 after acquiring an additional 63 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 research analysts recently issued reports on the company. Barclays lowered their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Stock Down 1.0%

NYSE:PM opened at $166.18 on Friday. 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 capitalization of $258.67 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.49. The stock has a fifty day simple moving average of $168.89 and a 200 day simple moving average of $167.64.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping 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 analyst estimates of $10.33 billion. During the same period last year, the company posted $1.59 EPS. The business's quarterly revenue 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. Equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share 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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