Havemeyer Place LP Takes Position in Philip Morris International Inc. $PM

Havemeyer Place LP bought a new stake in Philip Morris International Inc. (NYSE:PM) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 26,086 shares of the company’s stock, valued at approximately $4,184,000. Philip Morris International accounts for approximately 0.8% of Havemeyer Place LP’s investment portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dogwood Wealth Management LLC boosted its stake in shares of Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $28,000. Entrust Financial LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $31,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter valued at $32,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and issued a $205.00 price target on shares of Philip Morris International in a report on Monday, February 23rd. Morgan Stanley lifted their price target on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Citigroup lifted their price target on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $192.88.

Philip Morris International Stock Up 2.1%

Philip Morris International stock opened at $178.66 on Friday. The stock has a 50-day simple moving average of $170.84 and a 200 day simple moving average of $168.91. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $193.05. The stock has a market capitalization of $278.45 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.06 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the previous year, the business posted $1.69 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 8.4 EPS for the current year.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.