Annex Advisory Services LLC Purchases 11,034 Shares of Philip Morris International Inc. (NYSE:PM)

Annex Advisory Services LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 46.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,715 shares of the company's stock after buying an additional 11,034 shares during the quarter. Annex Advisory Services LLC's holdings in Philip Morris International were worth $5,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Omnia Family Wealth LLC boosted its position in Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after purchasing an additional 65 shares during the period. Meridian Wealth Partners LLC grew its position in Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after buying an additional 70 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the period. Chesley Taft & Associates LLC raised its stake in shares of Philip Morris International by 1.1% in the 1st quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company's stock worth $1,032,000 after buying an additional 72 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after acquiring an additional 73 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PM has been the subject of several analyst reports. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup boosted their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, 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 research report on Wednesday. Two 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, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $175.30.

Philip Morris International Price Performance

Shares of NYSE PM traded down $0.19 during trading hours on Friday, hitting $181.77. 2,646,970 shares of the company's stock were exchanged, compared to its average volume of 5,601,047. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $183.94. The stock has a market capitalization of $282.93 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.65 and a beta of 0.52. The company's 50-day moving average price is $167.34 and its 200-day moving average price is $147.10.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. Philip Morris International's revenue was up 5.8% compared to the same quarter last year. On average, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current 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.