Philip Morris International Inc. (NYSE:PM) Shares Sold by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 97.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 250 shares of the company’s stock after selling 9,960 shares during the quarter. Disciplined Equity Management Inc.’s holdings in Philip Morris International were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 1,167,810 shares in the last quarter. Capital World Investors increased its stake in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. GQG Partners LLC raised its holdings in 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 purchasing an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Philip Morris International by 9.9% during 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 during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of 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 worth $2,079,262,000 after buying an additional 516,617 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on PM. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and increased their target price for the company from $130.00 to $170.00 in a research report on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Barclays upped their target price on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Stifel Nicolaus raised their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.30.

Philip Morris International Stock Performance

Shares of PM opened at $181.77 on Friday. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $183.94. The firm has a 50-day simple moving average of $167.81 and a 200-day simple moving average of $147.58. The company 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 (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the business earned $1.50 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

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.