Range Financial Group LLC Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Range Financial Group LLC increased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,373 shares of the company's stock after acquiring an additional 1,458 shares during the quarter. Philip Morris International comprises 1.7% of Range Financial Group LLC's holdings, making the stock its 7th largest holding. Range Financial Group LLC's holdings in Philip Morris International were worth $3,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Moss Adams Wealth Advisors LLC grew its holdings in Philip Morris International by 20.6% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 4,335 shares of the company's stock worth $694,000 after acquiring an additional 741 shares during the period. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 191.3% in the 1st quarter. NewSquare Capital LLC now owns 600 shares of the company's stock valued at $95,000 after acquiring an additional 394 shares in the last quarter. Courier Capital LLC lifted its position in shares of Philip Morris International by 3.2% during the 1st quarter. Courier Capital LLC now owns 4,039 shares of the company's stock valued at $641,000 after acquiring an additional 125 shares during the period. Priebe Wealth Holdings LLC bought a new position in Philip Morris International during the first quarter worth $289,000. Finally, Abacus Planning Group Inc. grew its holdings in Philip Morris International by 13.8% in the first quarter. Abacus Planning Group Inc. now owns 1,935 shares of the company's stock worth $307,000 after purchasing an additional 235 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PM shares. Bank of America raised their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and upped their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Needham & Company LLC started coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.30.

Philip Morris International Price Performance

Shares of PM traded down $1.11 during mid-day trading on Monday, hitting $180.62. The stock had a trading volume of 3,102,894 shares, compared to its average volume of 5,606,479. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94. The business has a fifty day moving average price of $167.81 and a 200-day moving average price of $147.69. The firm 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.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 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 business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

About Philip Morris International

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.