Philip Morris
About: Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, 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 smokeable products but also gained a toehold into the US to sell its iQOS heated tobacco product.
Employees: 83,100
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
153% more first-time investments, than exits
New positions opened: 250 | Existing positions closed: 99
25% more call options, than puts
Call options by funds: $1.08B | Put options by funds: $871M
17% more capital invested
Capital invested by funds: $131B [Q2] → $154B (+$22.6B) [Q3]
8% more funds holding in top 10
Funds holding in top 10: 59 [Q2] → 64 (+5) [Q3]
6% more funds holding
Funds holding: 2,182 [Q2] → 2,306 (+124) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 840 | Existing positions reduced: 869
1.67% less ownership
Funds ownership: 83.08% [Q2] → 81.42% (-1.67%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Stifel Matthew Smith 52% 1-year accuracy 15 / 29 met price target | 6%upside $160 | Buy Maintained | 7 Feb 2025 |
UBS Faham Baig 33% 1-year accuracy 2 / 6 met price target | 20%downside $120 | Sell Maintained | 7 Feb 2025 |
Morgan Stanley Eric Serotta 100% 1-year accuracy 2 / 2 met price target | 7%downside $140 | Overweight Initiated | 16 Jan 2025 |
Barclays Gaurav Jain 75% 1-year accuracy 6 / 8 met price target | 4%downside $145 | Overweight Maintained | 8 Jan 2025 |
Financial journalist opinion
Based on 33 articles about PM published over the past 30 days









