Tounjian Advisory Partners LLC Takes $2.09 Million Position in Philip Morris International Inc. (NYSE:PM)

Tounjian Advisory Partners LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,180 shares of the company's stock, valued at approximately $2,092,000.

Several other institutional investors also recently bought and sold shares of the business. NewSquare Capital LLC boosted its holdings 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 acquiring an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Philip Morris International in the 4th quarter worth approximately $33,000. Pacifica Partners Inc. boosted 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 worth $35,000 after purchasing an additional 115 shares in the last quarter. Knuff & Co LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.3%

Philip Morris International stock traded up $0.61 during mid-day trading on Thursday, hitting $183.98. The company had a trading volume of 5,616,413 shares, compared to its average volume of 5,604,958. The company has a market capitalization of $286.37 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $184.33. The company's fifty day moving average is $169.29 and its 200-day moving average is $148.50.

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 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 period in the prior year, the firm posted $1.50 earnings per share. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research analyst reports. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Barclays increased 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. 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 note on Thursday, April 24th. Finally, Citigroup upped their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.