Parisi Gray Wealth Management Purchases New Holdings in Philip Morris International Inc. (NYSE:PM)

Parisi Gray Wealth Management acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,680 shares of the company's stock, valued at approximately $267,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Philip Morris International by 0.8% in the 4th 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 in the last quarter. Capital World Investors lifted its position in Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the last quarter. GQG Partners LLC lifted its position in Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 worth $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings 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 valued at $2,079,262,000 after acquiring an additional 516,617 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE PM traded down $1.11 during trading hours on Monday, reaching $180.62. The company's stock had a trading volume of 3,102,894 shares, compared to its average volume of 5,606,479. The firm has a market capitalization of $281.13 billion, a price-to-earnings ratio of 40.05, a P/E/G ratio of 2.65 and a beta of 0.52. The company's 50-day moving average is $167.81 and its two-hundred day moving average is $147.69. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $183.94.

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 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 for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the firm posted $1.50 EPS. The business's revenue was up 5.8% on a year-over-year basis. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a 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 lifted their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Citigroup increased their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Barclays raised their price objective 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. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $175.30.

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.