Wedmont Private Capital Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

Wedmont Private Capital raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,730 shares of the company's stock after acquiring an additional 2,382 shares during the period. Wedmont Private Capital's holdings in Philip Morris International were worth $4,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Omnia Family Wealth LLC increased its holdings in Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after purchasing an additional 65 shares during the period. Meridian Wealth Partners LLC grew its position in shares of Philip Morris International by 4.1% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after buying an additional 70 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the period. Chesley Taft & Associates LLC raised its holdings in 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 acquiring an additional 72 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Philip Morris International by 2.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 0.6%

Shares of NYSE:PM traded down $1.11 on Monday, reaching $180.62. 3,102,894 shares of the company were exchanged, compared to its average volume of 5,606,494. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $183.94. The company has a 50-day moving average of $167.81 and a 200-day moving average of $147.69. The firm has a market cap 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 posted its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $1.50 earnings per share. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

PM has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Morgan Stanley reissued an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.