Professional Advisory Services Inc. Takes $238,000 Position in Philip Morris International Inc. (NYSE:PM)

Professional Advisory Services Inc. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,500 shares of the company's stock, valued at approximately $238,000.

A number of other hedge funds have also bought and sold shares of the business. Kentucky Retirement Systems Insurance Trust Fund increased its position in 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 worth $6,828,000 after purchasing an additional 10,703 shares during the last quarter. Empire Life Investments Inc. grew its holdings in shares of Philip Morris International by 11.6% in the fourth 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 stake in shares of Philip Morris International by 80.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock valued at $922,000 after acquiring an additional 3,425 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% during the fourth 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 during the period. Finally, Symmetry Investments LP purchased a new stake in shares of Philip Morris International in the 4th quarter worth approximately $1,966,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $1.11 on Monday, reaching $180.62. The company had a trading volume of 3,102,894 shares, compared to its average volume of 5,606,494. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $183.94. The firm's 50 day moving average price is $167.81 and its two-hundred day moving average price is $147.69. The firm has a market cap of $281.13 billion, a PE ratio of 40.05, a PEG ratio of 2.65 and a beta of 0.52.

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, beating 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 company posted $1.50 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PM. Stifel Nicolaus raised 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. Citigroup boosted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Barclays boosted their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.