Pine Haven Investment Counsel Inc Takes $222,000 Position in Philip Morris International Inc. (NYSE:PM)

Pine Haven Investment Counsel Inc purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,400 shares of the company's stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Philip Morris International by 23.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock valued at $6,828,000 after purchasing an additional 10,703 shares in the last quarter. Empire Life Investments Inc. raised its position 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 purchasing an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC raised its position 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 purchasing an additional 3,425 shares during the last quarter. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Finally, Symmetry Investments LP purchased a new stake in Philip Morris International in the 4th quarter valued at approximately $1,966,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

NYSE PM opened at $181.77 on Friday. The company has a market cap of $282.93 billion, a P/E ratio of 40.30, a P/E/G 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 company has a 50-day moving average of $167.81 and a 200-day moving average of $147.46.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PM shares. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and raised their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Stifel Nicolaus lifted their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Bank of America raised their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.

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