Capital Investment Advisors LLC Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Capital Investment Advisors LLC lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,919 shares of the company's stock after purchasing an additional 1,821 shares during the period. Capital Investment Advisors LLC's holdings in Philip Morris International were worth $11,574,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hickory Point Bank & Trust acquired a new position in Philip Morris International in the first quarter valued at $208,000. Tilia Fiduciary Partners Inc. acquired a new stake in shares of Philip Morris International in the 1st quarter worth $202,000. Lloyd Advisory Services LLC. boosted its holdings in shares of Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after acquiring an additional 64 shares in the last quarter. BCS Wealth Management purchased a new stake in shares of Philip Morris International in the first quarter valued at about $229,000. Finally, Park Avenue Securities LLC increased its stake in shares of Philip Morris International by 8.0% during the first quarter. Park Avenue Securities LLC now owns 108,884 shares of the company's stock worth $17,283,000 after acquiring an additional 8,058 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM stock traded up $4.26 during midday trading on Wednesday, hitting $183.29. 3,940,851 shares of the stock were exchanged, compared to its average volume of 5,597,481. The stock's 50-day moving average price is $168.63 and its 200-day moving average price is $148.26. The stock has a market cap of $285.29 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $183.94.

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 (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The business 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 business's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Company 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.