SOA Wealth Advisors LLC. Buys 26,109 Shares of Philip Morris International Inc. (NYSE:PM)

SOA Wealth Advisors LLC. raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 4,817.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,651 shares of the company's stock after purchasing an additional 26,109 shares during the quarter. SOA Wealth Advisors LLC.'s holdings in Philip Morris International were worth $4,230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC increased its position in 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 period. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $33,000. Pacifica Partners Inc. grew its position in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the period. Knuff & Co LLC bought a new stake in shares of Philip Morris International during the fourth quarter worth approximately $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Philip Morris International in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

Philip Morris International stock traded down $1.11 during mid-day trading on Monday, reaching $180.62. The company's stock had a trading volume of 3,102,894 shares, compared to its average volume of 5,606,494. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The business's 50 day simple moving average is $167.81 and its 200 day simple moving average is $147.69. The company has a market capitalization of $281.13 billion, a price-to-earnings ratio of 40.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Philip Morris International's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on PM shares. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target 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.