Veracity Capital LLC Sells 2,443 Shares of Philip Morris International Inc. $PM

Key Points

• Veracity Capital LLC reduced its stake in Philip Morris International by 20.4% during the second quarter, now holding 9,555 shares valued at approximately $1.74 million.
• Several institutional investors, including Nuveen LLC and Wellington Management Group LLP, have significantly increased their positions in Philip Morris, collectively owning 78.63% of the company's stock.
• Analysts generally maintain a positive outlook on Philip Morris, with a consensus target price of $184.91, reflecting a rating of "Moderate Buy".

Veracity Capital LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 20.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,555 shares of the company's stock after selling 2,443 shares during the quarter. Philip Morris International comprises approximately 0.6% of Veracity Capital LLC's holdings, making the stock its 25th largest holding. Veracity Capital LLC's holdings in Philip Morris International were worth $1,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Nuveen LLC acquired a new position in Philip Morris International during the 1st quarter worth about $1,712,994,000. Wellington Management Group LLP lifted its position in Philip Morris International by 26.4% during the 1st 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 stake in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after acquiring an additional 4,464,590 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after acquiring an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after acquiring an additional 1,635,636 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PM shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. KGI Securities initiated coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an "outperform" rating for the company. Citigroup reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $184.91.

Philip Morris International Trading Down 2.6%

Shares of Philip Morris International stock opened at $161.77 on Tuesday. The firm has a market capitalization of $251.80 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49. The firm's 50 day moving average is $168.50 and its 200 day moving average is $167.87. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year 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 for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the firm posted $1.59 EPS. The company'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. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

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.

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