Prairie Sky Financial Group LLC Buys Shares of 1,419 Philip Morris International Inc. (NYSE:PM)

Prairie Sky Financial Group LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,419 shares of the company's stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC boosted its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares in the last quarter. Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $36,000. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Finally, Knuff & Co LLC acquired a new position 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.

Philip Morris International Stock Up 2.4%

Shares of NYSE PM traded up $4.26 during mid-day trading on Wednesday, hitting $183.29. 3,946,131 shares of the company were exchanged, compared to its average volume of 5,604,891. The stock has a 50 day simple moving average of $168.63 and a 200-day simple moving average of $148.26. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $183.94. The firm has a market cap of $285.29 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its 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. 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 analysts' expectations of $9.10 billion. During the same quarter last year, the business earned $1.50 EPS. The business's revenue was up 5.8% on a year-over-year basis. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PM. JPMorgan Chase & Co. upped 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. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Needham & Company LLC started coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating for the company. Finally, Barclays increased their price objective on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $175.30.

About Philip Morris International

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.