Philip Morris
About: Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokable products but also gained a toehold in the US to sell its Iqos heated tobacco product.
Employees: 83,100
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
135% more first-time investments, than exits
New positions opened: 268 | Existing positions closed: 114
31% more call options, than puts
Call options by funds: $1.63B | Put options by funds: $1.25B
15% more capital invested
Capital invested by funds: $200B [Q1] → $229B (+$29.5B) [Q2]
4% more funds holding
Funds holding: 2,670 [Q1] → 2,768 (+98) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 1,095 | Existing positions reduced: 1,006
0.03% less ownership
Funds ownership: 80.87% [Q1] → 80.84% (-0.03%) [Q2]
14% less funds holding in top 10
Funds holding in top 10: 115 [Q1] → 99 (-16) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Barclays Gaurav Jain | 33%upside $220 | Overweight Maintained | 30 Jul 2025 |
Needham Gerald Pascarelli | 18%upside $195 | Buy Reiterated | 23 Jul 2025 |
UBS Faham Baig | 10%upside $181 | Neutral Maintained | 14 Jul 2025 |
Citigroup Simon Hales | 21%upside $200 | Buy Maintained | 10 Jul 2025 |
JP Morgan Jared Dinges | 15%upside $190 | Overweight Maintained | 10 Jul 2025 |
Financial journalist opinion
Based on 20 articles about PM published over the past 30 days









