Yousif Capital Management LLC Has $18.72 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Yousif Capital Management LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,934 shares of the company's stock after selling 9,527 shares during the period. Yousif Capital Management LLC's holdings in Philip Morris International were worth $18,720,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PM. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Philip Morris International by 23.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock worth $6,828,000 after purchasing an additional 10,703 shares during the last quarter. Empire Life Investments Inc. boosted its stake in shares of Philip Morris International by 11.6% during the 4th quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock worth $11,364,000 after buying an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC boosted its stake in shares of Philip Morris International by 80.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock worth $922,000 after buying an additional 3,425 shares during the last quarter. Brighton Jones LLC boosted its position in 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 purchasing an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP bought a new position in Philip Morris International in the fourth quarter valued at approximately $1,966,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

PM traded up $0.46 during trading on Thursday, hitting $183.83. The stock had a trading volume of 3,587,371 shares, compared to its average volume of 5,597,413. The firm has a market cap of $286.13 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 2.65 and a beta of 0.52. The company has a 50 day moving average price of $169.29 and a 200-day moving average price of $148.50. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $184.01.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Citigroup increased their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen cut 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 issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $175.30.

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.