Philip Morris International Inc. (NYSE:PM) Shares Sold by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 73.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,851 shares of the company's stock after selling 5,036 shares during the quarter. O Keefe Stevens Advisory Inc.'s holdings in Philip Morris International were worth $294,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC lifted its holdings 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 worth $25,000 after acquiring an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth about $33,000. Pacifica Partners Inc. grew its position in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $36,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 0.6%

Shares of NYSE PM traded up $1.13 during trading hours on Thursday, hitting $181.79. 1,533,711 shares of the stock were exchanged, compared to its average volume of 6,203,445. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The firm has a fifty day moving average price of $166.88 and a 200-day moving average price of $146.75. The company has a market cap of $282.96 billion, a PE ratio of 40.31, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the company earned $1.50 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PM. Citigroup lifted their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their target price 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. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.