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

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

Other institutional investors have also recently made changes to their positions in the company. Omnia Family Wealth LLC boosted its holdings in shares of Philip Morris International by 1.7% in the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after acquiring an additional 65 shares in the last quarter. Meridian Wealth Partners LLC lifted its position in Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after purchasing an additional 70 shares during the period. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the period. Chesley Taft & Associates LLC boosted its stake in Philip Morris International by 1.1% during the 1st quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company's stock valued at $1,032,000 after purchasing an additional 72 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after purchasing an additional 73 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on PM shares. Barclays lifted their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Bank of America upped their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and increased their price target for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Performance

PM stock traded down $1.11 during mid-day trading on Monday, hitting $180.62. 3,101,893 shares of the company were exchanged, compared to its average volume of 6,161,432. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $183.94. The firm's 50 day simple moving average is $167.81 and its 200 day simple moving average is $147.69. The firm has a market cap of $281.13 billion, a P/E ratio of 40.05, a P/E/G ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The business's revenue 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 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.