Fermata Advisors LLC Buys Shares of 2,569 Philip Morris International Inc. (NYSE:PM)

Fermata Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,569 shares of the company's stock, valued at approximately $408,000.

Several other institutional investors also recently modified their holdings of PM. GQG Partners LLC grew its holdings 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 worth $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after purchasing an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $522,214,000. Kovitz Investment Group Partners LLC grew its holdings in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after purchasing an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors grew its holdings 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 worth $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Citigroup boosted their price target 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. Finally, Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Performance

Philip Morris International stock opened at $181.61 on Friday. The firm has a market cap of $282.68 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.65 and a beta of 0.52. The business's fifty day moving average is $167.34 and its two-hundred day moving average is $147.10. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, equities research analysts predict 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.

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