First Long Island Investors LLC Trims Stock Position in Philip Morris International Inc. $PM

First Long Island Investors LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 19.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 163,842 shares of the company’s stock after selling 39,176 shares during the quarter. Philip Morris International comprises approximately 2.1% of First Long Island Investors LLC’s portfolio, making the stock its 17th largest position. First Long Island Investors LLC’s holdings in Philip Morris International were worth $26,007,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Militia Capital Partners LP purchased a new stake in shares of Philip Morris International during the 1st quarter valued at approximately $1,587,000. CBIZ Investment Advisory Services LLC raised its position in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the period. Invst LLC raised its position in shares of Philip Morris International by 254.7% during the 1st quarter. Invst LLC now owns 17,074 shares of the company’s stock valued at $2,710,000 after buying an additional 12,261 shares during the period. Modern Wealth Management LLC raised its position in shares of Philip Morris International by 4.5% during the 1st quarter. Modern Wealth Management LLC now owns 17,656 shares of the company’s stock valued at $2,802,000 after buying an additional 757 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Philip Morris International during the 1st quarter valued at approximately $107,255,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group dropped their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Bank of America lifted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Barclays dropped their target price on shares of 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.91.

Philip Morris International Stock Up 1.6%

NYSE:PM opened at $168.01 on Friday. The company has a fifty day simple moving average of $169.14 and a two-hundred day simple moving average of $167.58. The company has a market cap of $261.52 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.40 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 posted its quarterly 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. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current 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.