Aletheian Wealth Advisors LLC Takes Position in Philip Morris International Inc. (NYSE:PM)

Aletheian Wealth Advisors 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 Form 13F filing with the SEC. The firm acquired 1,724 shares of the company's stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Philip Morris International by 23.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock worth $6,828,000 after acquiring an additional 10,703 shares in the last quarter. Empire Life Investments Inc. grew its position in Philip Morris International by 11.6% during the 4th quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock worth $11,364,000 after acquiring an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of Philip Morris International by 80.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock valued at $922,000 after acquiring an additional 3,425 shares during the last quarter. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP bought a new position in Philip Morris International during the 4th quarter worth approximately $1,966,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PM has been the topic of several recent analyst reports. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Barclays upped their price target 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Performance

NYSE:PM traded up $1.15 during midday trading on Thursday, reaching $181.81. 1,119,624 shares of the stock traded hands, compared to its average volume of 5,602,032. The stock has a market capitalization of $282.99 billion, a P/E ratio of 40.31, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The company has a fifty day moving average of $166.88 and a 200 day moving average of $146.75.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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. 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 for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $1.50 EPS. Philip Morris International's revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

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.