Lpwm LLC Invests $238,000 in Philip Morris International Inc. (NYSE:PM)

Lpwm LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,500 shares of the company's stock, valued at approximately $238,000.

Other large investors have also bought and sold shares of the company. NewSquare Capital LLC boosted its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Pacifica Partners Inc. boosted its position in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Knuff & Co LLC purchased a new position in Philip Morris International in the 4th quarter worth about $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International during the 4th quarter worth about $36,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

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 lifted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Needham & Company LLC assumed coverage on Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Down 0.6%

Shares of NYSE:PM traded down $1.11 during trading on Monday, reaching $180.62. 3,102,894 shares of the company traded hands, compared to its average volume of 5,606,494. The firm has a fifty day simple moving average of $167.81 and a 200 day simple moving average of $147.69. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $183.94. The firm has a market cap of $281.13 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS 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.