Panoramic Capital Partners LLC Buys New Stake in Philip Morris International Inc. (NYSE:PM)

Panoramic Capital Partners LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,618 shares of the company's stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. NewSquare Capital LLC raised its stake in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the period. Pacifica Partners Inc. lifted its stake in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares in the last quarter. Ameriflex Group Inc. bought a new position in Philip Morris International in the 4th quarter worth $36,000. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter worth $33,000. Finally, Knuff & Co LLC bought a new stake in Philip Morris International during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.3%

Shares of PM traded up $0.61 during trading hours on Thursday, hitting $183.98. The company had a trading volume of 5,616,413 shares, compared to its average volume of 5,604,958. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $184.33. The company has a market capitalization of $286.37 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The company's fifty day moving average price is $169.29 and its two-hundred day moving average price is $148.50.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $9.30 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $1.50 earnings per share. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted 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. Morgan Stanley restated an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Citigroup boosted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. 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.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus price target 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.