Philip Morris International Inc. (NYSE:PM) Shares Purchased by Range Financial Group LLC

Range Financial Group LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 24,373 shares of the company's stock after purchasing an additional 1,458 shares during the period. Philip Morris International accounts for about 1.7% of Range Financial Group LLC's portfolio, making the stock its 7th largest position. Range Financial Group LLC's holdings in Philip Morris International were worth $3,869,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Capital & Planning LLC lifted its stake in shares of Philip Morris International by 7.1% during the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after acquiring an additional 173 shares during the period. Brighton Jones LLC lifted its stake 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 valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 91 shares during the period. Consolidated Portfolio Review Corp lifted its stake in shares of Philip Morris International by 19.6% during the fourth quarter. Consolidated Portfolio Review Corp now owns 2,163 shares of the company's stock valued at $260,000 after acquiring an additional 354 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Philip Morris International during the fourth quarter valued at $3,637,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PM. 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, June 4th. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley restated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Barclays increased their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $175.30.

Philip Morris International Stock Performance

NYSE:PM traded up $0.61 during mid-day trading on Thursday, hitting $183.98. 5,616,413 shares of the stock were exchanged, compared to its average volume of 5,604,940. The stock has a market capitalization of $286.37 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The firm's 50-day simple moving average is $169.29 and its 200 day simple moving average is $148.50. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $184.33.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly 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 analysts' expectations 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 for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.50 EPS. On average, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

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.