Philip Morris International Inc. $PM Position Reduced by CenterBook Partners LP

CenterBook Partners LP decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 43.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,257 shares of the company’s stock after selling 34,973 shares during the period. CenterBook Partners LP’s holdings in Philip Morris International were worth $7,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its position in Philip Morris International by 10.2% in the third quarter. Schroder Investment Management Group now owns 302,173 shares of the company’s stock worth $49,251,000 after buying an additional 27,979 shares during the last quarter. Trajan Wealth LLC grew its position in Philip Morris International by 31.2% in the third quarter. Trajan Wealth LLC now owns 132,295 shares of the company’s stock worth $21,458,000 after buying an additional 31,490 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Philip Morris International by 23.6% in the third quarter. Stratos Wealth Partners LTD. now owns 43,926 shares of the company’s stock worth $7,125,000 after buying an additional 8,392 shares during the last quarter. Assetmark Inc. grew its position in Philip Morris International by 22.2% in the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after buying an additional 114,618 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in Philip Morris International by 40.3% in the fourth quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock worth $10,775,000 after buying an additional 19,309 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE PM opened at $178.66 on Monday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05. The stock has a market cap of $278.45 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.06 and a beta of 0.38. The firm’s 50 day moving average price is $170.84 and its two-hundred day moving average price is $169.02.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the previous year, the company posted $1.69 EPS. The company’s quarterly revenue 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. On average, research analysts forecast that Philip Morris International Inc. will post 8.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PM. Citigroup lifted their price target on shares of Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. UBS Group lowered their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Morgan Stanley lifted their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus lowered their price objective on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.88.

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.