Philip Morris International Inc. (NYSE:PM) Shares Bought by Annex Advisory Services LLC

Annex Advisory Services LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 46.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,715 shares of the company’s stock after buying an additional 11,034 shares during the period. Annex Advisory Services LLC’s holdings in Philip Morris International were worth $5,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Philip Morris International by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after purchasing an additional 1,167,810 shares during the last quarter. Capital World Investors grew its holdings in shares of 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 last quarter. GQG Partners LLC grew its holdings in shares of Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock worth $2,079,262,000 after purchasing an additional 516,617 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 1.1%

Shares of NYSE:PM opened at $180.39 on Thursday. The company has a market cap of $280.78 billion, a P/E ratio of 40.00, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94. The company has a 50-day moving average price of $166.88 and a 200 day moving average price of $146.75.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Needham & Company LLC assumed coverage on Philip Morris International in a report on Thursday, May 22nd. They set a “buy” rating on the stock. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Morgan Stanley reissued an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Barclays raised their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $175.30.

Philip Morris International 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.