Philip Morris International Inc. $PM Shares Sold by McLean Asset Management Corp

McLean Asset Management Corp decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 28.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,060 shares of the company’s stock after selling 802 shares during the quarter. McLean Asset Management Corp’s holdings in Philip Morris International were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Perigon Wealth Management LLC raised its position in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after acquiring an additional 60 shares in the last quarter. TBH Global Asset Management LLC boosted its stake in Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock worth $1,100,000 after buying an additional 61 shares during the last quarter. NFP Retirement Inc. boosted its stake in Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after buying an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its stake in Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company’s stock worth $477,000 after buying an additional 63 shares during the last quarter. Finally, Renasant Bank boosted its stake in Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company’s stock worth $317,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $166.18 on Friday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The business’s 50-day simple moving average is $168.89 and its 200 day simple moving average is $167.64. The company has a market cap of $258.67 billion, a P/E ratio of 31.59, a PEG ratio of 2.44 and a beta of 0.49.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $1.59 EPS. Philip Morris International’s revenue for the quarter 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. Analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PM. KGI Securities began coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. UBS Group cut their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.