Generali Investments Management Co LLC Has $1.28 Million Stake in Philip Morris International Inc. (NYSE:PM)

Generali Investments Management Co LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 49.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,068 shares of the company's stock after purchasing an additional 2,669 shares during the quarter. Generali Investments Management Co LLC's holdings in Philip Morris International were worth $1,281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PM. ACT Wealth Management LLC acquired a new stake in Philip Morris International in the first quarter valued at $241,000. Foster Group Inc. raised its position in shares of Philip Morris International by 8.6% during the first quarter. Foster Group Inc. now owns 9,652 shares of the company's stock worth $1,532,000 after acquiring an additional 761 shares during the last quarter. Armstrong Fleming & Moore Inc acquired a new position in shares of Philip Morris International in the first quarter worth approximately $339,000. Vest Financial LLC boosted its holdings in Philip Morris International by 73.5% in the first quarter. Vest Financial LLC now owns 15,315 shares of the company's stock valued at $2,431,000 after acquiring an additional 6,487 shares during the last quarter. Finally, Annex Advisory Services LLC increased its position in Philip Morris International by 46.6% during the 1st quarter. Annex Advisory Services LLC now owns 34,715 shares of the company's stock valued at $5,510,000 after purchasing an additional 11,034 shares during the period. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on PM. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. 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. Argus raised 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 boosted their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $175.30.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $181.61 on Friday. The stock has a market capitalization of $282.68 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94. The stock has a 50 day moving average price of $167.34 and a two-hundred day moving average price of $147.10.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results 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 company had revenue of $9.30 billion for the quarter, compared to analysts' expectations 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 quarterly 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. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS 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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