Sweeney & Michel LLC Takes $477,000 Position in Philip Morris International Inc. (NYSE:PM)

Sweeney & Michel LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,193 shares of the company's stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fragasso Financial Advisors Inc raised its position in Philip Morris International by 3.7% in the 1st quarter. Fragasso Financial Advisors Inc now owns 3,702 shares of the company's stock valued at $588,000 after buying an additional 132 shares during the last quarter. NBC Securities Inc. boosted its stake in shares of Philip Morris International by 114,433.3% during the 1st quarter. NBC Securities Inc. now owns 6,872 shares of the company's stock worth $1,090,000 after acquiring an additional 6,866 shares during the period. Worth Asset Management LLC bought a new position in shares of Philip Morris International during the 1st quarter worth approximately $2,223,000. Baker Tilly Wealth Management LLC boosted its stake in shares of Philip Morris International by 5.9% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 4,055 shares of the company's stock worth $644,000 after acquiring an additional 225 shares during the period. Finally, Advance Capital Management Inc. bought a new position in shares of Philip Morris International during the 1st quarter worth approximately $224,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on PM shares. Stifel Nicolaus boosted their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Citigroup raised their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report 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. Finally, Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to 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 Up 0.6%

NYSE:PM traded up $1.05 on Thursday, hitting $181.71. The stock had a trading volume of 1,194,408 shares, compared to its average volume of 5,602,408. The business's fifty day moving average is $166.88 and its 200 day moving average is $146.75. The company has a market cap of $282.83 billion, a PE ratio of 40.29, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly 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%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. Equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

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.