Lpwm LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM – Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 1,500 shares of the company’s stock, valued at approximately $238,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after buying an additional 1,167,810 shares in the last quarter. Capital World Investors grew its stake in shares of Philip Morris International by 3.6% in the 4th 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 in the last quarter. GQG Partners LLC grew its stake in shares of Philip Morris International by 14.3% in the 4th 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $4,241,837,000 after buying an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Philip Morris International by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock worth $2,079,262,000 after buying an additional 516,617 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
PM has been the subject of a number of recent research reports. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a “buy” rating for the company. Citigroup lifted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.30.
Philip Morris International Price Performance
Shares of PM stock opened at $181.77 on Friday. The company has a market capitalization of $282.93 billion, a P/E ratio of 40.30, a P/E/G ratio of 2.65 and a beta of 0.52. The company’s 50-day simple moving average is $167.81 and its two-hundred day simple moving average is $147.58. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $183.94.
Philip Morris International (NYSE:PM – Get Free Report) last issued 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. The business had revenue of $9.30 billion for 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. On average, research analysts expect that Philip Morris International Inc. will post 7.14 EPS 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.
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