Balefire LLC Trims Position in Philip Morris International Inc. $PM

Key Points

• Balefire LLC reduced its stake in Philip Morris International by 12.9%, holding 33,411 shares valued at approximately $6.08 million, making it the 14th largest position in their portfolio.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., significantly increased their holdings in Philip Morris during the first quarter, reflecting strong institutional interest.
• The company reported earnings of $1.91 per share, exceeding estimates and showcasing a year-over-year revenue growth of 7.1%, although it fell short of revenue expectations.

Balefire LLC reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 12.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 33,411 shares of the company's stock after selling 4,950 shares during the period. Philip Morris International accounts for about 1.3% of Balefire LLC's holdings, making the stock its 14th biggest holding. Balefire LLC's holdings in Philip Morris International were worth $6,085,000 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 increased its position in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after acquiring an additional 60 shares during the period. TBH Global Asset Management LLC increased its position in Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after acquiring an additional 61 shares during the period. NFP Retirement Inc. increased its position in Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after acquiring an additional 62 shares during the period. Capital Advisors Wealth Management LLC increased its position in Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after acquiring an additional 63 shares during the period. Finally, Renasant Bank increased its position in Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock valued at $317,000 after acquiring an additional 63 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 2.7%

Shares of PM traded down $4.56 on Thursday, reaching $161.74. The stock had a trading volume of 6,542,729 shares, compared to its average volume of 5,138,841. The firm has a market capitalization of $251.76 billion, a PE ratio of 30.75, a PEG ratio of 2.41 and a beta of 0.49. The firm has a 50-day moving average of $167.59 and a 200 day moving average of $167.85. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the company earned $1.59 EPS. Philip Morris International'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. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PM shares. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating on the stock. Citigroup restated a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Finally, Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $184.91.

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.