Lowe Brockenbrough & Co. Inc. increased its position in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 67.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,668 shares of the company’s stock after purchasing an additional 25,305 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Philip Morris International were worth $10,052,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Dogwood Wealth Management LLC increased its position in shares of Philip Morris International by 96.5% during the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in Philip Morris International during the 4th quarter worth about $28,000. Entrust Financial LLC bought a new stake in Philip Morris International during the 4th quarter worth about $31,000. Measured Wealth Private Client Group LLC bought a new stake in Philip Morris International during the 3rd quarter worth about $32,000. Finally, FNY Investment Advisers LLC bought a new stake in Philip Morris International during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 78.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on PM shares. Barclays reissued an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Morgan Stanley increased their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group decreased their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Citigroup increased their price objective on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, Stifel Nicolaus decreased their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.88.
Philip Morris International Trading Up 2.1%
Shares of NYSE PM opened at $178.66 on Friday. The firm has a market capitalization of $278.45 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.02 and a beta of 0.38. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $193.05. The firm’s 50-day moving average is $170.84 and its 200-day moving average is $168.91.
Philip Morris International (NYSE:PM – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 EPS. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share for the current fiscal year.
Philip Morris International Company Profile
Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.
PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.
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