Philip Morris International Inc. (NYSE:PM) Stake Reduced by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,426 shares of the company’s stock after selling 198 shares during the period. Capital Advisors Ltd. LLC’s holdings in Philip Morris International were worth $861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. GQG Partners LLC raised its holdings in Philip Morris International by 14.3% during the 4th 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 period. GAMMA Investing LLC raised its holdings in Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after buying an additional 4,464,590 shares during the period. Raymond James Financial Inc. acquired a new stake in Philip Morris International during the 4th quarter worth about $522,214,000. Kovitz Investment Group Partners LLC increased its holdings in shares of 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 valued at $656,303,000 after purchasing an additional 4,298,530 shares during the period. Finally, Capital World Investors increased its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. Citigroup upped their target price on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus upped their target price on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $175.30.

Philip Morris International Stock Up 2.4%

Shares of Philip Morris International stock opened at $183.29 on Thursday. The stock has a market capitalization of $285.29 billion, a P/E ratio of 40.64, a PEG ratio of 2.65 and a beta of 0.52. The stock has a 50 day moving average price of $169.29 and a two-hundred day moving average price of $148.50. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.94.

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

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.