Philip Morris International Inc. (NYSE:PM) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,774 shares of the company's stock after selling 1,844 shares during the quarter. HBW Advisory Services LLC's holdings in Philip Morris International were worth $3,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PM. NewSquare Capital LLC increased its holdings in 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 buying an additional 72 shares during the period. Pacifica Partners Inc. lifted its stake in 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 buying an additional 115 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International in the 4th quarter valued at $33,000. Finally, Knuff & Co LLC purchased a new position in shares of Philip Morris International in the fourth quarter worth about $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PM. Barclays upped their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and boosted their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. Citigroup boosted their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $175.30.

Philip Morris International Trading Up 0.5%

Shares of PM traded up $0.95 during mid-day trading on Thursday, reaching $181.61. The company had a trading volume of 3,549,322 shares, compared to its average volume of 5,611,397. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $183.94. The firm has a fifty day simple moving average of $166.88 and a 200-day simple moving average of $146.75. The stock has a market cap of $282.68 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal 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.