Bruce G. Allen Investments LLC Sells 92 Shares of Philip Morris International Inc. (NYSE:PM)

Bruce G. Allen Investments LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,756 shares of the company’s stock after selling 92 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Philip Morris International were worth $279,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after purchasing an additional 1,167,810 shares during the last quarter. Capital World Investors grew its stake in 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 increased its holdings 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 during the last quarter. Geode Capital Management LLC increased its holdings 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 during the last quarter. Finally, Wellington Management Group LLP raised 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 valued at $2,079,262,000 after buying an additional 516,617 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.1%

Shares of NYSE:PM opened at $181.77 on Monday. The stock has a market capitalization of $282.93 billion, a P/E ratio of 40.30, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The stock’s 50-day moving average price is $167.81 and its 200-day moving average price is $147.69. 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 issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Philip Morris International’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analyst Upgrades and Downgrades

PM has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Barclays upped their price objective on Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.30.

Philip Morris International 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.