Capital Asset Advisory Services LLC Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Capital Asset Advisory Services LLC lifted its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 35.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,491 shares of the company's stock after buying an additional 1,699 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Philip Morris International were worth $1,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares during the last quarter. Capital World Investors grew its holdings in shares of Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. GQG Partners LLC increased its position in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC raised its stake in Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after purchasing an additional 516,617 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

PM stock traded up $0.95 during midday trading on Thursday, reaching $181.61. The company's stock had a trading volume of 3,566,454 shares, compared to its average volume of 5,611,481. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $183.94. The stock has a fifty day simple moving average of $166.88 and a two-hundred day simple moving average of $146.75. The firm has a market capitalization of $282.68 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company posted $1.50 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PM has been the topic of several analyst reports. Citigroup boosted their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Morgan Stanley reissued an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, Bank of America increased their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average price target of $175.30.

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.