Townsquare Capital LLC Sells 9,769 Shares of Philip Morris International Inc. $PM

Townsquare Capital LLC lessened its position in Philip Morris International Inc. (NYSE:PM) by 21.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,947 shares of the company’s stock after selling 9,769 shares during the period. Philip Morris International accounts for about 1.3% of Townsquare Capital LLC’s investment portfolio, making the stock its 20th largest holding. Townsquare Capital LLC’s holdings in Philip Morris International were worth $5,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Outlook Wealth Advisors LLC raised its holdings in Philip Morris International by 4.6% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,320 shares of the company’s stock worth $212,000 after acquiring an additional 58 shares during the period. Tranquility Partners LLC raised its holdings in Philip Morris International by 2.4% in the 4th quarter. Tranquility Partners LLC now owns 2,489 shares of the company’s stock worth $399,000 after acquiring an additional 59 shares during the period. Stonebridge Financial Group LLC raised its holdings in Philip Morris International by 2.2% in the 4th quarter. Stonebridge Financial Group LLC now owns 2,763 shares of the company’s stock worth $443,000 after acquiring an additional 60 shares during the period. Heritage Trust Co raised its holdings in Philip Morris International by 2.4% in the 4th quarter. Heritage Trust Co now owns 2,554 shares of the company’s stock worth $410,000 after acquiring an additional 60 shares during the period. Finally, Capital Advisors Wealth Management LLC raised its holdings in Philip Morris International by 1.8% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 3,372 shares of the company’s stock worth $541,000 after acquiring an additional 61 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PM. Morgan Stanley boosted their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, May 20th. Finally, UBS Group cut their price objective on shares of Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.88.

Philip Morris International Stock Up 2.5%

NYSE PM opened at $183.01 on Thursday. The stock has a market cap of $285.23 billion, a P/E ratio of 25.74, a PEG ratio of 2.06 and a beta of 0.38. The company’s 50-day simple moving average is $171.77 and its 200 day simple moving average is $169.52. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $193.05.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.69 earnings per share. 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. Research analysts anticipate that Philip Morris International Inc. will post 8.4 earnings per share 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.