1,695 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Retirement Planning Group LLC

Retirement Planning Group LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,695 shares of the company's stock, valued at approximately $269,000.

A number of other large investors have also modified their holdings of the company. NewSquare Capital LLC lifted its holdings in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at about $33,000. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Knuff & Co LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in shares of Philip Morris International during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PM shares. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Bank of America upped their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.30.

Philip Morris International Trading Up 0.5%

Shares of NYSE PM opened at $181.61 on Friday. The stock has a market cap of $282.68 billion, a P/E ratio of 40.27, a PEG ratio of 2.65 and a beta of 0.52. The business's fifty day simple moving average is $167.34 and its 200-day simple moving average is $147.10. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.94.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The company 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%. Philip Morris International's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.