UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Trims Holdings in Philip Morris International Inc. $PM

Key Points

• UBS Asset Management cut its holdings in Philip Morris International by 3.5%, now owning approximately 5.99 million shares valued at $951 million.
• Several other institutional investors also adjusted their positions, with Goldman Sachs increasing its stake by 57.5% during the same period.
• Philip Morris reported earnings of $1.91 per share for the last quarter, exceeding analysts' expectations by 5 cents, while also announcing a quarterly dividend of $1.35 per share.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,992,023 shares of the company's stock after selling 217,353 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.38% of Philip Morris International worth $951,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PM. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the 1st quarter valued at $30,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International in the 1st quarter valued at $34,000. Pacifica Partners Inc. increased its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International in the 1st quarter valued at $35,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Philip Morris International in the 1st quarter valued at $35,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on PM shares. 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 report on Wednesday, July 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group dropped their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Finally, Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $184.91.

Philip Morris International Price Performance

Shares of NYSE PM traded down $1.72 during trading on Friday, hitting $166.18. 3,691,351 shares of the company were exchanged, compared to its average volume of 4,931,464. The company has a market cap of $258.67 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.44 and a beta of 0.49. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm's fifty day moving average price is $168.89 and its 200 day moving average price is $167.64.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts forecast 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.