Capital Advisors Ltd. LLC Sells 198 Shares of Philip Morris International Inc. (NYSE:PM)

Capital Advisors Ltd. LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 3.5% in the 1st quarter, Holdings Channel reports. The fund owned 5,426 shares of the company’s stock after selling 198 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Philip Morris International were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Lloyd Advisory Services LLC. grew its stake in shares of Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after acquiring an additional 64 shares in the last quarter. Omnia Family Wealth LLC grew its stake in shares of Philip Morris International by 1.7% in the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock valued at $469,000 after acquiring an additional 65 shares in the last quarter. Sonora Investment Management Group LLC grew its stake in shares of Philip Morris International by 0.6% in the first quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company’s stock valued at $1,784,000 after acquiring an additional 68 shares in the last quarter. Meridian Wealth Partners LLC grew its stake in shares of Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after acquiring an additional 70 shares in the last quarter. Finally, NewSquare Capital LLC grew its stake in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They issued a “buy” rating on the stock. Citigroup upped their price target 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. Finally, Barclays upped their price target on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Philip Morris International Stock Up 2.4%

PM opened at $183.29 on Thursday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94. The company has a 50-day simple moving average of $169.29 and a 200 day simple moving average of $148.50. The stock has a market capitalization of $285.29 billion, a price-to-earnings ratio of 40.64, 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 for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $1.50 earnings per share. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS 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.