Philip Morris International Inc. (NYSE:PM) Position Increased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 14.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,405 shares of the company’s stock after buying an additional 308 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Philip Morris International were worth $382,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Philip Morris International by 23.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company’s stock valued at $6,828,000 after buying an additional 10,703 shares in the last quarter. Empire Life Investments Inc. raised its holdings in Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company’s stock valued at $11,364,000 after buying an additional 9,789 shares in the last quarter. Game Plan Financial Advisors LLC grew its position in shares of Philip Morris International by 80.9% in the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company’s stock valued at $922,000 after purchasing an additional 3,425 shares during the last quarter. Brighton Jones LLC grew its position in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $1,966,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.1%

PM stock opened at $181.77 on Friday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94. The company has a market cap of $282.93 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The business’s 50-day simple moving average is $167.81 and its 200 day simple moving average is $147.58.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the business earned $1.50 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Barclays raised their price target on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and raised their price target for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.