A. D. Beadell Investment Counsel Inc. Acquires New Position in Philip Morris International Inc. (NYSE:PM)

A. D. Beadell Investment Counsel Inc. bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,036 shares of the company's stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in 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 during the period. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at about $33,000. Pacifica Partners Inc. boosted its stake 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 buying an additional 115 shares during the period. Knuff & Co LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth about $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PM shares. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $181.61 on Friday. The firm'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. The stock has a market capitalization of $282.68 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

About Philip Morris International

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.

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