Baldwin Wealth Partners LLC MA Sells 3,080 Shares of Philip Morris International Inc. (NYSE:PM)

Baldwin Wealth Partners LLC MA reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PM. Capital & Planning LLC lifted its position in Philip Morris International by 7.1% during the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after purchasing an additional 173 shares during the period. Brighton Jones LLC raised its stake in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares during the period. Consolidated Portfolio Review Corp boosted its stake in shares of Philip Morris International by 19.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 2,163 shares of the company's stock worth $260,000 after buying an additional 354 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Philip Morris International in the fourth quarter worth $3,637,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PM shares. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. JPMorgan Chase & Co. lifted 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. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, Citigroup lifted their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $175.30.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $1.11 during trading hours on Monday, hitting $180.62. The company's stock had a trading volume of 3,102,894 shares, compared to its average volume of 5,606,479. The business has a 50 day moving average price of $167.81 and a two-hundred day moving average price of $147.69. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.94. The company has a market cap of $281.13 billion, a PE ratio of 40.05, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the business posted $1.50 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current 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.