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)
138% more first-time investments, than exits
New positions opened: 274 | Existing positions closed: 115
23% more call options, than puts
Call options by funds: $1.98B | Put options by funds: $1.61B
15% more capital invested
Capital invested by funds: $200B [Q1] → $229B (+$29.7B) [Q2]
4% more funds holding
Funds holding: 2,670 [Q1] → 2,785 (+115) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 1,101 | Existing positions reduced: 1,010
0.04% more ownership
Funds ownership: 80.87% [Q1] → 80.91% (+0.04%) [Q2]
14% less funds holding in top 10
Funds holding in top 10: 115 [Q1] → 99 (-16) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
UBS
Faham Baig
|
$166
|
Neutral
Maintained
|
5 Sep 2025 |
Barclays
Gaurav Jain
|
$220
|
Overweight
Maintained
|
30 Jul 2025 |
Needham
Gerald Pascarelli
|
$195
|
Buy
Reiterated
|
23 Jul 2025 |
Citigroup
Simon Hales
|
$200
|
Buy
Maintained
|
10 Jul 2025 |
JP Morgan
Jared Dinges
|
$190
|
Overweight
Maintained
|
10 Jul 2025 |
Jefferies
Edward Mundy
|
$220
|
Buy
Initiated
|
9 Jul 2025 |
Financial journalist opinion
Based on 22 articles about PM published over the past 30 days