Philip Morris International Inc. (NYSE:PM) Stock Holdings Decreased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,005 shares of the company's stock after selling 2,073 shares during the period. Daymark Wealth Partners LLC's holdings in Philip Morris International were worth $3,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the period. Pacifica Partners Inc. grew its stake in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Ameriflex Group Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth about $36,000. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter worth $33,000. Finally, Knuff & Co LLC purchased a new position in Philip Morris International during the fourth quarter valued at $36,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PM. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Needham & Company LLC began coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating for the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, Citigroup boosted their price target 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. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $175.30.

Philip Morris International Stock Performance

NYSE PM traded up $0.61 during trading on Thursday, hitting $183.98. The stock had a trading volume of 5,616,413 shares, compared to its average volume of 5,604,958. The stock has a 50 day simple moving average of $169.29 and a 200 day simple moving average of $148.50. The stock has a market capitalization of $286.37 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $184.33.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for 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 was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. On average, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

About Philip Morris International

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.