McGrath & Associates Inc. Invests $245,000 in Philip Morris International Inc. (NYSE:PM)

McGrath & Associates Inc. purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,541 shares of the company's stock, valued at approximately $245,000.

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

Philip Morris International Stock Down 0.1%

Shares of NYSE PM traded down $0.19 during trading hours on Friday, hitting $181.77. 2,646,970 shares of the stock were exchanged, compared to its average volume of 5,601,047. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The firm has a fifty day moving average price of $167.34 and a 200-day moving average price of $147.10. The company has a market cap of $282.93 billion, a PE ratio of 40.30, a PEG ratio of 2.65 and a beta of 0.52.

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. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the company posted $1.50 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America boosted their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday. Barclays increased their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. 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, Morgan Stanley reissued an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two 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, the company presently has an average rating of "Moderate Buy" and an average price target of $175.30.

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.