BCS Wealth Management Makes New Investment in Philip Morris International Inc. (NYSE:PM)

BCS Wealth Management bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,440 shares of the company's stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Philip Morris International by 23.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock valued at $6,828,000 after buying an additional 10,703 shares during the period. Empire Life Investments Inc. boosted its stake in shares of 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 period. Game Plan Financial Advisors LLC raised its stake in Philip Morris International by 80.9% in the 4th 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 period. Brighton Jones LLC raised its stake in Philip Morris International by 31.1% in the 4th 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 period. Finally, Symmetry Investments LP acquired a new stake in Philip Morris International during the 4th quarter valued at $1,966,000. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on PM. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Bank of America raised their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $175.30.

Philip Morris International Trading Up 0.3%

Shares of NYSE:PM traded up $0.61 on Thursday, reaching $183.98. 5,616,413 shares of the company's stock were exchanged, 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 $184.03. The company has a fifty day moving average of $169.29 and a 200-day moving average of $148.50. The company has a market capitalization of $286.37 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its 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. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal 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.