Consilio Wealth Advisors LLC Acquires New Stake in Philip Morris International Inc. (NYSE:PM)

Consilio Wealth Advisors LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,553 shares of the company's stock, valued at approximately $247,000.

Several other institutional investors have also made changes to their positions in PM. Vanguard Group Inc. raised its position in Philip Morris International by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares in the last quarter. 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 valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. GQG Partners LLC raised 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 valued at $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC raised its position 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 raised 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 in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on PM. Citigroup boosted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Down 0.1%

Shares of NYSE:PM traded down $0.19 during trading on Friday, hitting $181.77. 2,646,970 shares of the company were exchanged, compared to its average volume of 5,604,062. The business's 50 day moving average is $167.34 and its 200-day moving average is $147.10. The company has a market capitalization of $282.93 billion, a P/E 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 1-year low of $98.93 and a 1-year high of $183.94.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 company had revenue of $9.30 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 earnings per share. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

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.