Philip Morris International Inc. (NYSE:PM) Shares Bought by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. boosted its position in Philip Morris International Inc. (NYSE:PM) by 1,269.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356 shares of the company’s stock after buying an additional 330 shares during the period. SJS Investment Consulting Inc.’s holdings in Philip Morris International were worth $57,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. McClarren Financial Advisors Inc. purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $33,000. Pacifica Partners Inc. lifted its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 115 shares during the period. Knuff & Co LLC acquired a new position in Philip Morris International during the fourth quarter worth $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new position in Philip Morris International in the fourth quarter worth $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Morgan Stanley reissued an “overweight” rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and raised their price target for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, Barclays raised their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Philip Morris International Trading Down 0.6%

NYSE:PM opened at $180.62 on Tuesday. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.94. The firm has a market cap of $281.13 billion, a price-to-earnings ratio of 40.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The company’s 50-day moving average is $168.30 and its two-hundred day moving average is $148.04.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

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.