RFG Advisory LLC Purchases 9,965 Shares of Philip Morris International Inc. (NYSE:PM)

RFG Advisory LLC grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 73.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,590 shares of the company's stock after acquiring an additional 9,965 shares during the period. RFG Advisory LLC's holdings in Philip Morris International were worth $3,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund increased its position in Philip Morris International by 23.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock worth $6,828,000 after buying an additional 10,703 shares in the last quarter. Empire Life Investments Inc. grew its stake in shares of 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 acquiring an additional 9,789 shares during the period. Game Plan Financial Advisors LLC grew its stake in shares of Philip Morris International by 80.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock valued at $922,000 after acquiring an additional 3,425 shares during the period. Brighton Jones LLC increased its holdings 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 stake in Philip Morris International during the 4th quarter worth approximately $1,966,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Barclays boosted 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. Finally, Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $175.30.

Philip Morris International Trading Up 0.5%

Shares of NYSE PM traded up $0.95 during midday trading on Thursday, hitting $181.61. The company's stock had a trading volume of 3,566,454 shares, compared to its average volume of 5,611,481. The business's 50 day moving average is $166.88 and its two-hundred day moving average is $146.75. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.94. The firm 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.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. On average, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal 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.