Philip Morris International Inc. $PM Stock Position Decreased by Procyon Advisors LLC

Key Points

• Procyon Advisors LLC reduced its stake in Philip Morris International by 16.0%, owning 16,021 shares worth approximately $2.9 million after selling 3,058 shares.
• Several institutional investors have altered their positions, with Pallas Capital Advisors increasing their holdings by 30.8% to a total of 22,451 shares valued at $4.1 million.
• Equities research analysts have varied views on the stock, with ratings including a "buy" from Citigroup and an "overweight" rating from JPMorgan Chase, while the average target price among analysts stands at $184.91.

Procyon Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,021 shares of the company's stock after selling 3,058 shares during the period. Procyon Advisors LLC's holdings in Philip Morris International were worth $2,918,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PM. Nuveen LLC acquired a new position in shares of Philip Morris International during the first quarter valued at $1,712,994,000. Wellington Management Group LLP increased its holdings in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares during the period. GAMMA Investing LLC increased its holdings in shares of Philip Morris International by 19,986.5% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after purchasing an additional 4,464,590 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after purchasing an additional 3,575,158 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after purchasing an additional 1,635,636 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 2.7%

NYSE PM traded down $4.56 during trading on Thursday, reaching $161.74. 6,542,729 shares of the company's stock were exchanged, compared to its average volume of 5,138,841. 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 capitalization of $251.76 billion, a PE ratio of 30.75, a P/E/G ratio of 2.41 and a beta of 0.49. The company's fifty day simple moving average is $167.59 and its 200-day simple moving average is $167.85.

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 forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on PM shares. JPMorgan Chase & Co. raised their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Needham & Company LLC reissued a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. KGI Securities initiated coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays decreased their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $184.91.

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.