Tounjian Advisory Partners LLC Buys Shares of 13,180 Philip Morris International Inc. (NYSE:PM)

Tounjian Advisory Partners LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,180 shares of the company's stock, valued at approximately $2,092,000.

A number of other hedge funds have also modified their holdings of PM. Vanguard Group Inc. grew its position in Philip Morris International by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after purchasing an additional 1,167,810 shares during the last quarter. Capital World Investors boosted its stake in shares of Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after buying an additional 4,216,586 shares during the period. GQG Partners LLC grew its holdings in shares of Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC increased its position in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP raised its stake in Philip Morris International by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after acquiring an additional 516,617 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.6%

NYSE PM traded down $1.11 during trading hours on Monday, hitting $180.62. The company had a trading volume of 3,102,894 shares, compared to its average volume of 5,606,479. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $183.94. The business has a fifty day simple moving average of $167.81 and a 200-day simple moving average of $147.69. The firm has a market cap of $281.13 billion, a P/E 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 posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. Equities analysts forecast 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 several recent research reports. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Citigroup boosted their target price 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. Finally, Bank of America raised their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus 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.