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

Capital Investment Advisors LLC grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

A number of other large investors also recently bought and sold shares of PM. Vanguard Group Inc. lifted its holdings in Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after acquiring an additional 1,167,810 shares during the period. Capital World Investors raised its position in Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares during the last quarter. GQG Partners LLC increased its position in Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Philip Morris International by 9.9% in the 4th 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 stake in shares of 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 buying an additional 516,617 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays raised their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Stifel Nicolaus raised their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $175.30.

Philip Morris International Price Performance

NYSE PM opened at $181.77 on Friday. The company has a market capitalization of $282.93 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The company's fifty day moving average price is $167.81 and its two-hundred day moving average price is $147.58.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.