Philip Morris International Inc. (NYSE:PM) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,884 shares of the company's stock after buying an additional 8,058 shares during the quarter. Park Avenue Securities LLC's holdings in Philip Morris International were worth $17,283,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PM. Vanguard Group Inc. grew 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 purchasing an additional 1,167,810 shares in the last quarter. Capital World Investors grew its stake 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 worth $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. GQG Partners LLC grew its stake 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 worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC raised its stake 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 acquiring an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Philip Morris International by 3.1% in 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 purchasing an additional 516,617 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.6%

Shares of NYSE PM traded down $1.11 during mid-day trading on Monday, reaching $180.62. The company had a trading volume of 3,102,894 shares, compared to its average volume of 5,606,494. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $183.94. The stock has a market cap of $281.13 billion, a P/E ratio of 40.05, a PEG ratio of 2.65 and a beta of 0.52. The firm has a 50 day simple moving average of $167.81 and a two-hundred day simple moving average of $147.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on PM. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and increased their price target for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Barclays lifted their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Bank of America increased their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Needham & Company LLC initiated coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.