Baldwin Wealth Partners LLC MA Sells 3,080 Shares of Philip Morris International Inc. (NYSE:PM)

Baldwin Wealth Partners LLC MA decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,592 shares of the company’s stock after selling 3,080 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Philip Morris International were worth $4,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GQG Partners LLC lifted its position in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock valued at $712,210,000 after acquiring an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at approximately $522,214,000. Kovitz Investment Group Partners LLC lifted its holdings in Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after purchasing an additional 4,298,530 shares during the last quarter. Finally, Capital World Investors boosted its position in Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after purchasing an additional 4,216,586 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on PM shares. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and raised their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. Morgan Stanley reiterated an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. Finally, Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $175.30.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $181.77 on Monday. The firm has a market cap of $282.93 billion, a P/E ratio of 40.30, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The firm’s 50-day simple moving average is $167.81 and its 200-day simple moving average is $147.69. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94.

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

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.