Central Valley Advisors LLC Makes New $233,000 Investment in Philip Morris International Inc. (NYSE:PM)

Central Valley Advisors LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,466 shares of the company's stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GQG Partners LLC raised its position in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after buying an additional 4,464,590 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth about $522,214,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock valued at $656,303,000 after buying an additional 4,298,530 shares during the period. Finally, Capital World Investors grew its position in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock traded down $1.73 during midday trading on Tuesday, reaching $178.90. 3,225,415 shares of the company were exchanged, compared to its average volume of 5,597,006. The company's 50 day moving average price is $168.30 and its two-hundred day moving average price is $148.04. The company has a market cap of $278.46 billion, a P/E ratio of 39.67, a PEG 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.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on PM. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Needham & Company LLC assumed coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Finally, UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.