Fifth Third Wealth Advisors LLC Raises Stake in Philip Morris International Inc. (NYSE:PM)

Fifth Third Wealth Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 21.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,757 shares of the company's stock after purchasing an additional 5,686 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Philip Morris International were worth $5,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Philip Morris International by 23.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock valued at $6,828,000 after purchasing an additional 10,703 shares in the last quarter. Empire Life Investments Inc. boosted its position in Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock valued at $11,364,000 after purchasing an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of Philip Morris International by 80.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock worth $922,000 after purchasing an additional 3,425 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Finally, Symmetry Investments LP bought a new stake in Philip Morris International during the fourth quarter worth $1,966,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the topic of several research analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, Stifel Nicolaus upped their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus price target of $175.30.

Philip Morris International Trading Up 0.6%

PM stock traded up $1.15 during mid-day trading on Thursday, reaching $181.81. The company's stock had a trading volume of 1,119,624 shares, compared to its average volume of 5,602,016. The company has a market cap of $282.99 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The business's 50 day moving average price is $166.88 and its 200 day moving average price is $146.75. 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, beating 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 firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 earnings per share. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International 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.