Tounjian Advisory Partners LLC Invests $2.09 Million in Philip Morris International Inc. (NYSE:PM)

Tounjian Advisory Partners LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,180 shares of the company’s stock, valued at approximately $2,092,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Pallas Capital Advisors LLC grew its stake in Philip Morris International by 227.8% in the first quarter. Pallas Capital Advisors LLC now owns 17,169 shares of the company’s stock valued at $2,725,000 after purchasing an additional 11,932 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Philip Morris International by 32.8% in the first quarter. Farther Finance Advisors LLC now owns 26,665 shares of the company’s stock valued at $4,215,000 after acquiring an additional 6,586 shares during the last quarter. Range Financial Group LLC increased its stake in shares of Philip Morris International by 6.4% during the 1st quarter. Range Financial Group LLC now owns 24,373 shares of the company’s stock worth $3,869,000 after purchasing an additional 1,458 shares during the last quarter. Moss Adams Wealth Advisors LLC grew its holdings in Philip Morris International by 20.6% during the first quarter. Moss Adams Wealth Advisors LLC now owns 4,335 shares of the company’s stock worth $694,000 after purchasing an additional 741 shares during the period. Finally, NewSquare Capital LLC lifted its holdings in Philip Morris International by 191.3% during the 1st quarter. NewSquare Capital LLC now owns 600 shares of the company’s stock valued at $95,000 after purchasing an additional 394 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.1%

PM opened at $181.77 on Monday. The company has a market cap of $282.93 billion, a P/E ratio of 40.30, a PEG ratio of 2.65 and a beta of 0.52. The company’s 50 day moving average is $167.81 and its 200-day moving average is $147.69. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $183.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the previous year, the company posted $1.50 EPS. Philip Morris International’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PM shares. Morgan Stanley reissued an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Needham & Company LLC started coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a “buy” rating for the company. Citigroup increased their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $175.30.

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.