Wesbanco Bank Inc. Buys 1,521 Shares of Philip Morris International Inc. $PM

Key Points

• Wesbanco Bank Inc. increased its holdings in Philip Morris International by 5.5%, acquiring an additional 1,521 shares, bringing its total to 28,978 shares valued at approximately $5.28 million.
• Despite reporting earnings of $1.91 per share exceeding expectations, Philip Morris International had a negative return on equity of 120.86% and revenue slightly below analyst estimates.
• Investment firms have varied outlooks on Philip Morris, with an average price target of $184.91, while twelve analysts rate the stock as a "Buy" and one as a "Hold."

Wesbanco Bank Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,978 shares of the company's stock after buying an additional 1,521 shares during the period. Wesbanco Bank Inc.'s holdings in Philip Morris International were worth $5,278,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International during the first quarter valued at $30,000. CBIZ Investment Advisory Services LLC boosted its stake in Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company's stock valued at $32,000 after buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the first quarter valued at $34,000. Pacifica Partners Inc. boosted its stake in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the period. Finally, Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the first quarter valued at $35,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 1.0%

NYSE PM opened at $166.18 on Friday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock has a 50-day moving average of $168.89 and a 200-day moving average of $167.73. The firm has a market cap of $258.67 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the company posted $1.59 EPS. Philip Morris International's revenue for the quarter 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. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PM. KGI Securities began coverage on Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, September 4th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Barclays dropped their price target on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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