MainStreet Investment Advisors LLC Raises Stake in Philip Morris International Inc. (NYSE:PM)

MainStreet Investment Advisors LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 362.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,337 shares of the company’s stock after purchasing an additional 8,883 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Philip Morris International were worth $827,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PM. RFG Advisory LLC boosted its stake in shares of Philip Morris International by 16.6% during the fourth quarter. RFG Advisory LLC now owns 5,329 shares of the company’s stock valued at $453,000 after purchasing an additional 757 shares during the period. Weatherly Asset Management L. P. boosted its stake in shares of Philip Morris International by 3.6% during the fourth quarter. Weatherly Asset Management L. P. now owns 5,115 shares of the company’s stock valued at $435,000 after purchasing an additional 178 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $53,000. Howland Capital Management LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $227,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $1,846,000. 74.02% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE PM traded down $0.05 during trading on Friday, reaching $70.45. The company had a trading volume of 2,546,855 shares, compared to its average volume of 5,332,155. Philip Morris International Inc. has a 12-month low of $56.01 and a 12-month high of $90.17. The stock has a market cap of $109.78 billion, a PE ratio of 14.32, a P/E/G ratio of 2.15 and a beta of 0.79. The business’s 50-day moving average is $73.12 and its 200 day moving average is $80.74.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 21st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Philip Morris International had a negative return on equity of 84.38% and a net margin of 9.75%. The firm had revenue of $7.15 billion for the quarter, compared to analysts’ expectations of $6.87 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts forecast that Philip Morris International Inc. will post 4.95 EPS for the current year.

In other news, insider Marc S. Firestone sold 22,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $86.27, for a total value of $1,897,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.22% of the company’s stock.

A number of research firms have recently weighed in on PM. Citigroup dropped their price objective on Philip Morris International from $90.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Cowen upgraded Philip Morris International from a “market perform” rating to an “outperform” rating and upped their target price for the company from $90.00 to $102.00 in a report on Thursday, February 13th. Goldman Sachs Group assumed coverage on Philip Morris International in a report on Wednesday, April 1st. They set a “buy” rating and a $80.00 target price for the company. ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating and set a $74.00 target price for the company. in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $91.14.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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