Sivia Capital Partners LLC Buys 661 Shares of Philip Morris International Inc. (NYSE:PM)

Sivia Capital Partners LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 22.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,666 shares of the company’s stock after purchasing an additional 661 shares during the quarter. Sivia Capital Partners LLC’s holdings in Philip Morris International were worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Capital & Planning LLC boosted its position in Philip Morris International by 7.1% during the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company’s stock worth $318,000 after purchasing an additional 173 shares during the period. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of Philip Morris International by 19.6% during the fourth quarter. Consolidated Portfolio Review Corp now owns 2,163 shares of the company’s stock worth $260,000 after buying an additional 354 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $3,637,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Down 0.1%

PM stock opened at $181.77 on Friday. 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 has a 50-day simple moving average of $167.81 and a 200 day simple moving average of $147.58. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays lifted their target price on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, Needham & Company LLC began coverage on Philip Morris International in a report on Thursday, May 22nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $175.30.

About Philip Morris International

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.