Westbourne Investments Inc. Purchases 800 Shares of Philip Morris International Inc. $PM

Westbourne Investments Inc. increased its position in Philip Morris International Inc. (NYSE:PM) by 45.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,560 shares of the company’s stock after purchasing an additional 800 shares during the period. Westbourne Investments Inc.’s holdings in Philip Morris International were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its stake in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after purchasing 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 purchasing an additional 61 shares in 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 purchasing an additional 62 shares in 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 purchasing an additional 63 shares in 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 purchasing an additional 63 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM opened at $163.08 on Wednesday. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The company has a 50 day simple moving average of $168.21 and a two-hundred day simple moving average of $167.84. The firm has a market cap of $253.85 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm posted $1.59 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group lowered their target price 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. Barclays lowered their target price 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. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, KGI Securities assumed coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $184.91.

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.