Accelerate Investment Advisors LLC Raises Stock Position in Philip Morris International Inc. $PM

Accelerate Investment Advisors LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 1,528 shares of the company’s stock after purchasing an additional 116 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Philip Morris International were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Philip Morris International during the first quarter worth approximately $1,712,994,000. Wellington Management Group LLP increased its stake in shares of Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after buying 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% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after buying an additional 4,464,590 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Philip Morris International by 57.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after buying an additional 1,635,636 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PM. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Needham & Company LLC restated a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, Barclays lowered their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $184.91.

Philip Morris International Stock Down 1.0%

Shares of PM opened at $166.18 on Friday. The stock has a 50 day moving average price of $168.89 and a 200 day moving average price of $167.73. The company has a market capitalization of $258.67 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.49. 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) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal 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.