Professional Advisory Services Inc. Makes New $238,000 Investment in Philip Morris International Inc. (NYSE:PM)

Professional Advisory Services Inc. acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,500 shares of the company's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewSquare Capital LLC lifted its holdings 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 acquiring 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 approximately $33,000. Pacifica Partners Inc. lifted its stake in 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 purchasing an additional 115 shares during the last quarter. Knuff & Co LLC bought a new position in Philip Morris International in the 4th quarter valued at approximately $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International in the fourth quarter valued at approximately $36,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $4.26 during midday trading on Wednesday, reaching $183.29. The company had a trading volume of 3,918,473 shares, compared to its average volume of 5,597,481. The stock has a fifty day moving average price of $168.63 and a 200 day moving average price of $148.26. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $183.94. The firm has a market cap of $285.29 billion, a PE ratio of 40.64, a P/E/G 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PM shares. Stifel Nicolaus upped their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Bank of America upped their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Citigroup upped their price objective 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 reiterated an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus 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.