Philip Morris International Inc. (NYSE:PM) Shares Sold by Axecap Investments LLC

Axecap Investments LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,247 shares of the company’s stock after selling 1,854 shares during the period. Philip Morris International makes up about 1.5% of Axecap Investments LLC’s portfolio, making the stock its 27th biggest holding. Axecap Investments LLC’s holdings in Philip Morris International were worth $1,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Capital & Planning LLC increased its holdings in shares of Philip Morris International by 7.1% in the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company’s stock valued at $318,000 after purchasing an additional 173 shares during the period. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares during the period. Soltis Investment Advisors LLC raised its position in Philip Morris International by 9.8% during the fourth quarter. Soltis Investment Advisors LLC now owns 2,492 shares of the company’s stock worth $300,000 after acquiring an additional 222 shares during the period. Finally, Focus Financial Network Inc. lifted its stake in Philip Morris International by 7.6% in the 4th quarter. Focus Financial Network Inc. now owns 5,152 shares of the company’s stock valued at $620,000 after buying an additional 364 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 2.4%

PM opened at $183.29 on Thursday. The business’s 50 day moving average is $169.29 and its two-hundred day moving average is $148.50. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94. The firm has a market cap of $285.29 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The company 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 firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. Equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays raised their target price on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a “buy” rating on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Two 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 a consensus rating of “Moderate Buy” and an average 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.