Philip Morris International Inc. (NYSE:PM) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,257 shares of the company’s stock after purchasing an additional 491 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Philip Morris International were worth $4,644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital & Planning LLC increased its position in shares of 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 acquiring an additional 173 shares during the last quarter. Brighton Jones LLC increased its position 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 acquiring an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC increased its position 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 acquiring an additional 91 shares during the last quarter. Consolidated Portfolio Review Corp increased its position 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 acquiring an additional 354 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $3,637,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.1%

Shares of PM stock opened at $181.77 on Friday. The business has a 50 day moving average of $167.81 and a two-hundred day 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. The company has a market cap of $282.93 billion, a P/E ratio of 40.30, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last issued its earnings results 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 negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. Philip Morris International’s quarterly 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 fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Citigroup boosted their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Barclays boosted their price objective on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Two equities 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.