Philip Morris International Inc. (NYSE:PM) Shares Sold by Griffith & Werner Inc.

Griffith & Werner Inc. lessened its stake in Philip Morris International Inc. (NYSE:PM) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,210 shares of the company’s stock after selling 259 shares during the quarter. Griffith & Werner Inc.’s holdings in Philip Morris International were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PM. Omnia Family Wealth LLC increased its position in Philip Morris International by 1.7% in the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock valued at $469,000 after acquiring an additional 65 shares during the period. Meridian Wealth Partners LLC increased its position in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock worth $214,000 after purchasing an additional 70 shares during the period. NewSquare Capital LLC increased its position in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the period. Chesley Taft & Associates LLC increased its position in Philip Morris International by 1.1% during the 1st quarter. Chesley Taft & Associates LLC now owns 6,502 shares of the company’s stock worth $1,032,000 after purchasing an additional 72 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $181.77 on Friday. The business’s 50 day simple moving average is $167.81 and its 200-day simple moving average is $147.58. The firm has a market capitalization of $282.93 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth 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 $183.94.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 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 previous year, the company earned $1.50 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on PM. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a “buy” rating on the stock. Finally, Barclays boosted their target price on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. 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 MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price 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.