Westbourne Investments Inc. Acquires New Shares in Philip Morris International Inc. $PM

Key Points

• Westbourne Investments Inc. has acquired a new stake in Philip Morris International Inc. (NYSE: PM), purchasing 1,760 shares valued at approximately $279,000 in the first quarter.
• During the same period, multiple institutional investors also increased their positions in Philip Morris, with hedge funds now owning 78.63% of the company's stock.
• Philip Morris reported $1.91 earnings per share for the last quarter, exceeding analysts' estimates, despite a year-over-year revenue growth of 7.1%.

Westbourne Investments Inc. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,760 shares of the company's stock, valued at approximately $279,000.

Other hedge funds also recently modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $30,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $34,000. Pacifica Partners Inc. boosted its position in shares of 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 last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $35,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of PM traded down $1.72 during mid-day trading on Friday, hitting $166.18. The stock had a trading volume of 3,691,351 shares, compared to its average volume of 4,931,464. The firm has a market cap of $258.67 billion, a P/E ratio of 31.59, a PEG ratio of 2.44 and a beta of 0.49. The business has a fifty day moving average price of $168.89 and a 200-day moving average price of $167.64. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PM shares. Citigroup reissued a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.