Howe & Rusling Inc. Trims Stake in Philip Morris International Inc. $PM

Howe & Rusling Inc. lessened its position in Philip Morris International Inc. (NYSE:PM) by 10.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 121,405 shares of the company’s stock after selling 13,636 shares during the period. Philip Morris International comprises 1.6% of Howe & Rusling Inc.’s investment portfolio, making the stock its 15th largest holding. Howe & Rusling Inc.’s holdings in Philip Morris International were worth $19,271,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PM. Brighton Jones LLC boosted its position in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares during the period. Numerai GP LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth approximately $247,000. ProShare Advisors LLC boosted its holdings in Philip Morris International by 13.2% during the 4th quarter. ProShare Advisors LLC now owns 222,094 shares of the company’s stock valued at $26,729,000 after acquiring an additional 25,859 shares during the period. Finally, Raiffeisen Bank International AG purchased a new position in Philip Morris International during the 4th quarter valued at $529,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 1.6%

Shares of Philip Morris International stock opened at $168.01 on Friday. The stock’s fifty day moving average price is $169.14 and its 200-day moving average price is $167.58. The firm has a market cap of $261.52 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.40 and a beta of 0.49. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM) last issued its earnings results 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. The company had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PM shares. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. UBS Group cut 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 report on Friday, September 5th. Jefferies Financial Group assumed 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. Bank of America boosted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $184.91.

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.