Philip Morris International Inc. (NYSE:PM) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,592 shares of the company's stock after selling 3,080 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Philip Morris International were worth $4,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Courier Capital LLC lifted its holdings in Philip Morris International by 3.2% during the first quarter. Courier Capital LLC now owns 4,039 shares of the company's stock valued at $641,000 after purchasing an additional 125 shares in the last quarter. Priebe Wealth Holdings LLC purchased a new position in Philip Morris International during the first quarter valued at $289,000. Abacus Planning Group Inc. lifted its holdings in Philip Morris International by 13.8% during the first quarter. Abacus Planning Group Inc. now owns 1,935 shares of the company's stock valued at $307,000 after purchasing an additional 235 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Philip Morris International by 2.6% during the first quarter. Capital Investment Advisors LLC now owns 72,919 shares of the company's stock valued at $11,574,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Hickory Point Bank & Trust purchased a new position in Philip Morris International during the first quarter valued at $208,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Needham & Company LLC assumed coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Citigroup raised 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 note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Two investment 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 presently has an average rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Up 0.3%

Shares of PM traded up $0.61 during trading on Thursday, reaching $183.98. 5,616,413 shares of the company traded hands, compared to its average volume of 5,604,940. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $184.33. The stock has a market cap 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 stock has a 50-day simple moving average of $169.29 and a 200-day simple moving average of $148.50.

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 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 last year, the business earned $1.50 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS 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.