UMB Bank n.a. Purchases 76,414 Shares of Philip Morris International Inc. (NYSE:PM)

UMB Bank n.a. increased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 225.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,244 shares of the company's stock after purchasing an additional 76,414 shares during the period. UMB Bank n.a.'s holdings in Philip Morris International were worth $17,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital & Planning LLC raised 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 worth $318,000 after acquiring an additional 173 shares in the last quarter. Brighton Jones LLC grew 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 buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Philip Morris International by 4.5% during the 4th 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 increased its stake in Philip Morris International by 19.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 2,163 shares of the company's stock worth $260,000 after purchasing an additional 354 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in Philip Morris International in the 4th quarter worth approximately $3,637,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of NYSE PM traded down $1.11 during mid-day trading on Monday, hitting $180.62. 3,102,894 shares of the stock traded hands, compared to its average volume of 5,606,494. The stock has a fifty day moving average price of $167.81 and a 200-day moving average price of $147.69. The company has a market cap of $281.13 billion, a price-to-earnings ratio of 40.05, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and increased their price objective for the company from $130.00 to $170.00 in a research note 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 report on Thursday, April 24th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Bank of America increased their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Two analysts have rated the stock with a hold rating and ten have given 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 an average target price of $175.30.

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.