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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
194% more first-time investments, than exits
New positions opened: 338 | Existing positions closed: 115
44% more call options, than puts
Call options by funds: $1.77B | Put options by funds: $1.22B
41% more funds holding in top 10
Funds holding in top 10: 80 [Q4 2024] → 113 (+33) [Q1 2025]
32% more capital invested
Capital invested by funds: $152B [Q4 2024] → $199B (+$47.8B) [Q1 2025]
7% more funds holding
Funds holding: 2,471 [Q4 2024] → 2,645 (+174) [Q1 2025]
5% more repeat investments, than reductions
Existing positions increased: 993 | Existing positions reduced: 948
0.6% more ownership
Funds ownership: 80.2% [Q4 2024] → 80.8% (+0.6%) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Barclays Gaurav Jain | 19%upside $220 | Overweight Maintained | 13 Jun 2025 |
B of A Securities Lisa Lewandowski | 9%upside $200 | Buy Maintained | 4 Jun 2025 |
Needham Gerald Pascarelli | 6%upside $195 | Buy Initiated | 22 May 2025 |
UBS Faham Baig | 8%downside $170 | Neutral Upgraded | 25 Apr 2025 |
Morgan Stanley Eric Serotta | 1%downside $182 | Overweight Maintained | 24 Apr 2025 |
Financial journalist opinion
Based on 39 articles about PM published over the past 30 days









