[ad_1]
NBC Securities Inc. cut its stake in Philip Morris International Inc. (NYSE:PM – Free Report) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,467 shares of the company’s stock after selling 405 shares during the period. NBC Securities Inc.’s holdings in Philip Morris International were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the stock. Perigon Wealth Management LLC raised its position in shares of Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock valued at $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC raised its position in shares of Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after purchasing an additional 61 shares during the period. NFP Retirement Inc. raised its position in shares of Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock valued at $411,000 after purchasing an additional 62 shares during the period. Capital Advisors Wealth Management LLC raised its position in shares of Philip Morris International by 2.1% in the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company’s stock valued at $477,000 after purchasing an additional 63 shares during the period. Finally, Renasant Bank raised its position in shares of Philip Morris International by 3.3% in the first quarter. Renasant Bank now owns 1,994 shares of the company’s stock valued at $317,000 after purchasing an additional 63 shares during the period. 78.63% of the stock is owned by institutional investors.
Philip Morris International Stock Performance
NYSE PM opened at $163.08 on Wednesday. The firm’s fifty day moving average price is $168.21 and its two-hundred day moving average price is $167.84. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The stock has a market cap of $253.85 billion, a PE ratio of 31.00, a PEG ratio of 2.35 and a beta of 0.49.
Philip Morris International (NYSE:PM – Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period last year, the company earned $1.59 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
PM has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Barclays decreased their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.91.
Read Our Latest Research Report on PM
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.
Recommended Stories
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).
Receive News & Ratings for Philip Morris International Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Philip Morris International and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link