Worth Asset Management LLC Sells 5,623 Shares of Philip Morris International Inc. $PM

Worth Asset Management LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 40.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,385 shares of the company’s stock after selling 5,623 shares during the quarter. Philip Morris International comprises about 0.8% of Worth Asset Management LLC’s investment portfolio, making the stock its 27th largest holding. Worth Asset Management LLC’s holdings in Philip Morris International were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Global Financial Private Client LLC grew its stake in Philip Morris International by 211.2% in the second quarter. Global Financial Private Client LLC now owns 3,952 shares of the company’s stock valued at $720,000 after acquiring an additional 2,682 shares during the period. Peoples Bank KS raised its holdings in Philip Morris International by 4.4% during the second quarter. Peoples Bank KS now owns 2,993 shares of the company’s stock worth $545,000 after acquiring an additional 125 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Philip Morris International by 2.5% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 607,200 shares of the company’s stock worth $110,589,000 after acquiring an additional 15,029 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Philip Morris International by 13.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 498,082 shares of the company’s stock worth $89,097,000 after acquiring an additional 59,000 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in Philip Morris International by 30.5% in the second quarter. Wedmont Private Capital now owns 37,491 shares of the company’s stock valued at $6,673,000 after buying an additional 8,761 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on PM. Bank of America upped their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. 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 target price on the stock. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group lowered their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $184.91.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $161.74 on Friday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm has a fifty day moving average of $167.59 and a 200 day moving average of $167.85. The firm has a market capitalization of $251.76 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.41 and a beta of 0.49.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates 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 revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Company 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.