NBC Securities Inc. Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

NBC Securities Inc. grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 114,433.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,872 shares of the company's stock after acquiring an additional 6,866 shares during the quarter. NBC Securities Inc.'s holdings in Philip Morris International were worth $1,090,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings 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 worth $6,828,000 after purchasing an additional 10,703 shares during the period. Empire Life Investments Inc. lifted its holdings in shares of Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock worth $11,364,000 after purchasing an additional 9,789 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in shares of Philip Morris International by 80.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock worth $922,000 after purchasing an additional 3,425 shares during the period. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Finally, Symmetry Investments LP acquired a new stake in shares of Philip Morris International during the fourth quarter worth $1,966,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PM has been the subject of several recent research reports. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Barclays raised their target price on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.30.

Philip Morris International Trading Up 0.5%

Shares of PM stock traded up $0.95 during mid-day trading on Thursday, reaching $181.61. The stock had a trading volume of 3,566,454 shares, compared to its average volume of 5,611,481. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.94. The company has a market cap of $282.68 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The business has a 50-day simple moving average of $166.88 and a 200 day simple moving average of $146.75.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the business posted $1.50 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current 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.