Milestone Asset Management LLC Invests $4.99 Million in Philip Morris International Inc. (NYSE:PM)

Milestone Asset Management 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 31,405 shares of the company's stock, valued at approximately $4,985,000. Philip Morris International accounts for about 1.1% of Milestone Asset Management LLC's holdings, making the stock its 17th biggest position.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after buying an additional 1,167,810 shares during the period. Capital World Investors lifted its holdings in shares of Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the period. GQG Partners LLC lifted its holdings in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after buying an additional 6,092,558 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after buying an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after purchasing an additional 516,617 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Up 0.4%

NYSE PM traded up $0.80 on Thursday, reaching $181.46. The company had a trading volume of 1,651,790 shares, compared to its average volume of 5,604,220. The stock's 50 day moving average is $166.88 and its 200-day moving average is $146.75. The stock has a market cap of $282.45 billion, a price-to-earnings ratio of 40.24, a PEG 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.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm's revenue 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, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays raised their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and raised their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Stifel Nicolaus raised their price target 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 investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average target price 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.