SOA Wealth Advisors LLC. Boosts Position in Philip Morris International Inc. (NYSE:PM)

SOA Wealth Advisors LLC. grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 4,817.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,651 shares of the company's stock after purchasing an additional 26,109 shares during the period. SOA Wealth Advisors LLC.'s holdings in Philip Morris International were worth $4,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Omnia Family Wealth LLC boosted its stake in Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after buying an additional 65 shares during the last quarter. Meridian Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after acquiring an additional 70 shares during the period. 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 valued at $25,000 after acquiring an additional 72 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of Philip Morris International by 1.1% in the first quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company's stock valued at $1,032,000 after purchasing an additional 72 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Philip Morris International by 2.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after purchasing an additional 73 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock traded up $4.26 during mid-day trading on Wednesday, reaching $183.29. 3,918,473 shares of the company were exchanged, compared to its average volume of 5,597,481. The firm's 50-day simple moving average is $168.63 and its two-hundred day simple moving average is $148.26. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94. The firm has a market cap of $285.29 billion, a PE 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 posted 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. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.50 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PM shares. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Barclays upped 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. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Two 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, the company presently has an average rating of "Moderate Buy" and an average 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.