Westmount Partners LLC Sells 6,924 Shares of Philip Morris International Inc. $PM

Key Points

• Westmount Partners LLC significantly reduced its stake in Philip Morris International Inc. by 65.6% during the second quarter, selling 6,924 shares and holding 3,633 shares worth $662,000 at the quarter's end.
• Several large investors have increased their positions in Philip Morris International, with Vanguard Group Inc. and Goldman Sachs Group Inc. making notable contributions, indicating strong institutional interest in the stock.
• After recently reporting $1.91 EPS for the quarter, Philip Morris International set a Q3 2025 guidance of 2.080-2.130 EPS, while analysts have an average target price of $184.91.

Westmount Partners LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 65.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,633 shares of the company's stock after selling 6,924 shares during the period. Westmount Partners LLC's holdings in Philip Morris International were worth $662,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Philip Morris International by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock worth $22,320,878,000 after purchasing an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP raised 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 worth $3,466,730,000 after purchasing an additional 4,563,632 shares during the last quarter. Nuveen LLC bought a new position in Philip Morris International during the 1st quarter worth $1,712,994,000. Goldman Sachs Group Inc. raised its position in Philip Morris International by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after purchasing an additional 3,575,158 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after purchasing an additional 1,635,636 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of PM opened at $161.77 on Tuesday. The stock has a 50-day moving average of $168.50 and a 200-day moving average of $167.87. The company has a market cap of $251.80 billion, a PE ratio of 30.75, a P/E/G ratio of 2.41 and a beta of 0.49. Philip Morris International Inc. has a one year low of $116.12 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Analysts Set New Price Targets

PM has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price 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. 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 for the company. 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. Bank of America lifted 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. Finally, KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating for the company. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus 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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