Priebe Wealth Holdings LLC Makes New $289,000 Investment in Philip Morris International Inc. (NYSE:PM)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital & Planning LLC raised its holdings in Philip Morris International by 7.1% in the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock worth $318,000 after buying an additional 173 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares during the period. Consolidated Portfolio Review Corp increased its position in shares of Philip Morris International by 19.6% during the 4th quarter. Consolidated Portfolio Review Corp now owns 2,163 shares of the company's stock valued at $260,000 after purchasing an additional 354 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Philip Morris International during the fourth quarter valued at approximately $3,637,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PM. Barclays raised their price objective on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $175.30.

Philip Morris International Stock Performance

Shares of PM stock opened at $181.77 on Monday. The stock has a 50 day moving average price of $167.81 and a 200 day moving average price of $147.69. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $183.94. The firm has a market capitalization 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 (NYSE:PM - Get Free Report) last posted 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 company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 EPS. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

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.

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