TruWealth Advisors LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,112 shares of the company’s stock after buying an additional 211 shares during the quarter. TruWealth Advisors LLC’s holdings in Philip Morris International were worth $385,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International during the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the 1st quarter valued at about $34,000. Pacifica Partners Inc. raised its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $35,000. Institutional investors own 78.63% of the company’s stock.
Philip Morris International Trading Down 1.0%
NYSE:PM opened at $166.18 on Friday. The company has a market cap of $258.67 billion, a PE ratio of 31.59, a P/E/G ratio of 2.44 and a beta of 0.49. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company’s 50 day moving average is $168.89 and its two-hundred day moving average is $167.73.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. KGI Securities assumed coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Barclays reduced their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target for the company. Finally, Bank of America boosted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.91.
Read Our Latest Analysis on Philip Morris International
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.
Featured Stories
- Five stocks we like better than Philip Morris International
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Ride the Luxury Retail Wave with These 3 High-End Brand Stocks
- What is a Death Cross in Stocks?
- Wall Street Quietly Bets Big on These Chinese Tech Giants
- What is Forex and How Does it Work?
- Meta’s $600B U.S. Investment: Bearish or Bullish for Shares?
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.