Tompkins Financial Corp Sells 1,576 Shares of Philip Morris International Inc. $PM

Key Points

• Tompkins Financial Corp decreased its holdings in Philip Morris International Inc. by 13.5% in the 2nd quarter, selling 1,576 shares, leaving it with 10,112 shares valued at $1,842,000.
• The company's latest quarterly earnings report showed $1.91 EPS, exceeding analysts' expectations of $1.86, while revenue for the quarter was $10.14 billion, slightly below estimates.
• Currently, 78.63% of Philip Morris International's stock is owned by institutional investors, reflecting significant confidence in the company from large investment firms.

Tompkins Financial Corp trimmed its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,112 shares of the company's stock after selling 1,576 shares during the quarter. Tompkins Financial Corp's holdings in Philip Morris International were worth $1,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in Philip Morris International in the 1st quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC boosted its stake in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International in the 1st quarter worth approximately $34,000. Pacifica Partners Inc. boosted its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the period. Finally, Redmont Wealth Advisors LLC bought a new position in Philip Morris International in the 1st quarter worth approximately $35,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of PM stock opened at $166.17 on Thursday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock's 50-day moving average is $167.98 and its 200 day moving average is $167.83. The company has a market cap of $258.66 billion, a P/E ratio of 31.59, a PEG ratio of 2.36 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share 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 company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm's revenue for the quarter 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. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. 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 restated a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. 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 price target on the stock. Finally, UBS Group dropped their price target 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. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $184.91.

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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