Impact Capital Partners LLC Has $2.43 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Impact Capital Partners LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 660.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,324 shares of the company's stock after buying an additional 13,310 shares during the period. Impact Capital Partners LLC's holdings in Philip Morris International were worth $2,432,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $33,000. Pacifica Partners Inc. lifted its stake in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the last quarter. Knuff & Co LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted 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 set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays boosted their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC assumed coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Performance

Philip Morris International stock traded down $0.19 during mid-day trading on Friday, reaching $181.77. The company's stock had a trading volume of 2,646,970 shares, compared to its average volume of 5,616,502. The company has a market capitalization of $282.93 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The business's 50 day simple moving average is $167.81 and its 200 day simple moving average is $147.58.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.89% and a negative return on equity of 120.08%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $1.50 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current 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.