PM · News · 20260806N

Competition and Market Share

Philip Morris International Inc. · 2026-08-06 · Importance 51 · Surprise 64

Turning Point Brands reported rapid growth in its Modern Oral business, with gross sales up 149% year over year and net sales up 128%. Modern Oral represented 48% of Turning Point Brands’ total revenue, indicating intensifying competition in the evolving nicotine-consumption category. The company is expanding retail distribution and its sales force, while evaluating future U.S. manufacturing capacity to support longer-term growth and market-share gains.

Key facts

• Balefire LLC reduced its stake in Philip Morris International Inc. by 58.7% in the second quarter, selling 12,604 shares and retaining 8,872 shares valued at approximately $1.6 million. source
• Sanders Morris Harris LLC reduced its stake in Philip Morris International Inc. by 28.6% in Q2 2026, selling 14,563 shares and still holding 36,300 shares valued at $6.57 million. source
• Hamlin Capital Management LLC reduced its stake in Philip Morris International by 13.3% in the second quarter, selling over 97,000 shares and still holding a position valued at approximately $114.8 million. source
• Several articles report analysts maintain a 'Moderate Buy' consensus rating for Philip Morris with an average price target of $205.89. source
• Institutional ownership of Philip Morris International is 78.63%. source