Fulton Bank N.A. Has $6.05 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Fulton Bank N.A. cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,094 shares of the company's stock after selling 1,414 shares during the period. Fulton Bank N.A.'s holdings in Philip Morris International were worth $6,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. ST Germain D J Co. Inc. grew its holdings in Philip Morris International by 4.6% during the 1st quarter. ST Germain D J Co. Inc. now owns 2,792 shares of the company's stock worth $443,000 after acquiring an additional 124 shares during the period. Merit Financial Group LLC boosted its position in shares of Philip Morris International by 24.0% in the 1st quarter. Merit Financial Group LLC now owns 114,164 shares of the company's stock worth $18,121,000 after purchasing an additional 22,110 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Philip Morris International by 2.1% during the first quarter. Harbor Investment Advisory LLC now owns 6,296 shares of the company's stock worth $999,000 after purchasing an additional 129 shares during the period. Milestone Asset Management LLC bought a new stake in Philip Morris International in the first quarter valued at about $4,985,000. Finally, Gradient Investments LLC bought a new position in Philip Morris International during the first quarter worth about $254,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on PM shares. Stifel Nicolaus upped their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Barclays upped their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup boosted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.30.

Philip Morris International Price Performance

NYSE:PM traded up $0.95 during trading hours on Thursday, reaching $181.61. 3,549,322 shares of the company were exchanged, compared to its average volume of 5,611,397. The company has a market capitalization 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 has a 50 day moving average of $166.88 and a 200 day moving average of $146.75. 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 posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.50 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share 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.