1,413 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Advance Capital Management Inc.

Advance Capital Management Inc. bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,413 shares of the company's stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have 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 last quarter. Pacifica Partners Inc. grew its holdings in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $36,000. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International during the 4th quarter worth approximately $33,000. Finally, Knuff & Co LLC purchased a new position in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PM shares. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup increased their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays upped their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Up 0.6%

Philip Morris International stock traded up $1.13 during midday trading on Thursday, reaching $181.79. The company's stock had a trading volume of 1,533,711 shares, compared to its average volume of 6,203,445. The business has a 50-day simple moving average of $166.88 and a 200-day simple moving average of $146.75. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $183.94. The company has a market cap of $282.96 billion, a P/E ratio of 40.31, a P/E/G ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 earnings per share. As a group, equities analysts forecast 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.