Disciplined Equity Management Inc. Decreases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Disciplined Equity Management Inc. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 97.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250 shares of the company's stock after selling 9,960 shares during the period. Disciplined Equity Management Inc.'s holdings in Philip Morris International were worth $39,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Omnia Family Wealth LLC increased its stake in shares of Philip Morris International by 1.7% in the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after acquiring an additional 65 shares during the last quarter. Meridian Wealth Partners LLC boosted its position in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after acquiring an additional 70 shares during the last quarter. NewSquare Capital LLC grew 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 valued at $25,000 after purchasing an additional 72 shares during the period. Chesley Taft & Associates LLC increased its position in Philip Morris International by 1.1% during the first quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company's stock worth $1,032,000 after purchasing an additional 72 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in Philip Morris International by 2.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after purchasing an additional 73 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PM. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their price target for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Needham & Company LLC assumed coverage on Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Bank of America raised their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday. Barclays lifted their target price on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Two research 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.30.

Philip Morris International Trading Down 0.1%

Philip Morris International stock opened at $181.77 on Friday. The firm has a market capitalization of $282.93 billion, a P/E ratio of 40.30, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94. The stock's fifty day simple moving average is $167.81 and its 200-day simple moving average is $147.58.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion for 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%. Philip Morris International's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 EPS. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share 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.

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