Needham Initiates Coverage of Philip Morris with Buy Rating

Fintel reports that on May 22, 2025, Needham initiated coverage of Philip Morris International (BMV:PM) with a Buy recommendation.

Fund Sentiment Overview

As of now, 2,729 funds or institutions are reporting positions in Philip Morris International. This reflects a decrease of 153 owners, or 5.31%, in the last quarter. The average portfolio weight of all funds dedicated to PM has increased by 2.62%, now sitting at 0.57%. In total, institutional shares owned rose by 0.68% over the past three months to reach 1,460,206K shares.

Institutional Shareholder Activity

Capital World Investors holds 129,103K shares, which represents 8.29% ownership of the company. This indicates an increase of 5.05% from its previous filing of 122,584K shares. The firm has raised its portfolio allocation in PM by 48.24% over the last quarter.

Capital International Investors owns 92,500K shares, amounting to 5.94% ownership. Previously, the firm reported ownership of 92,667K shares, showing a slight decrease of 0.18%. Over the last quarter, it increased its portfolio allocation in PM by 37.78%.

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 48,733K shares, equating to 3.13% ownership. In the prior filing, it reported ownership of 49,268K shares, marking a decrease of 1.10%. The firm reduced its portfolio allocation in PM by 3.37% over the last quarter.

GQG Partners possesses 48,516K shares, which represents 3.12% ownership. Its previous filing indicated ownership of 48,747K shares, reflecting a decrease of 0.48%. However, the firm increased its portfolio allocation in PM by 40.91% in the last quarter.

Capital Research Global Investors holds 44,891K shares, accounting for 2.88% ownership. Earlier, the firm reported owning 50,846K shares, showing a reduction of 13.27%. Nonetheless, the firm raised its portfolio allocation in PM by 23.15% over the last quarter.

This article provides insights into the fund sentiment and movements among key institutional shareholders in Philip Morris International.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.