Sonora Investment Management Group LLC Purchases 68 Shares of Philip Morris International Inc. (NYSE:PM)

Sonora Investment Management Group LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,240 shares of the company’s stock after acquiring an additional 68 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Philip Morris International were worth $1,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. NewSquare Capital LLC boosted its position in 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 purchasing an additional 72 shares during the period. Pacifica Partners Inc. lifted its stake in shares of Philip Morris International by 115.0% during 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 in the last quarter. Ameriflex Group Inc. bought a new position in Philip Morris International in the 4th quarter worth approximately $36,000. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International in the 4th quarter valued at approximately $33,000. Finally, Knuff & Co LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth $36,000. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PM. Stifel Nicolaus raised their target price 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. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. Citigroup boosted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Morgan Stanley reiterated an “overweight” rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Philip Morris International Stock Performance

NYSE PM opened at $180.62 on Tuesday. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $183.94. The company has a fifty day moving average of $168.30 and a 200-day moving average of $148.04. The company has a market capitalization of $281.13 billion, a P/E ratio of 40.05, a P/E/G 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 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 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%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

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.