Priebe Wealth Holdings LLC Acquires Shares of 1,821 Philip Morris International Inc. (NYSE:PM)

Priebe Wealth Holdings LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,821 shares of the company's stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewSquare Capital LLC grew its stake in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Philip Morris International during the 4th quarter worth about $33,000. Pacifica Partners Inc. grew its position in shares of 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 during the last quarter. Knuff & Co LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Up 0.3%

PM traded up $0.61 during midday trading on Thursday, hitting $183.98. The company had a trading volume of 5,616,413 shares, compared to its average volume of 5,604,940. The stock's 50 day moving average price is $169.29 and its 200 day moving average price is $148.50. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $184.03. The company has a market capitalization of $286.37 billion, a price-to-earnings ratio of 40.79, a PEG 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 EPS for the quarter, beating 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 company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the business posted $1.50 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Barclays raised their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Morgan Stanley restated an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.