Simon Quick Advisors LLC Buys 2,373 Shares of Philip Morris International Inc. (NYSE:PM)

Simon Quick Advisors LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 20.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,961 shares of the company’s stock after purchasing an additional 2,373 shares during the quarter. Simon Quick Advisors LLC’s holdings in Philip Morris International were worth $2,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes 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. McClarren Financial Advisors Inc. bought a new position in Philip Morris International during the fourth quarter worth $33,000. Pacifica Partners Inc. lifted its holdings in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after buying an additional 115 shares in the last quarter. Knuff & Co LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth $36,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $183.29 on Thursday. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $183.94. The firm has a market cap of $285.29 billion, a PE ratio of 40.64, a P/E/G ratio of 2.65 and a beta of 0.52. The stock has a fifty day moving average price of $169.29 and a 200-day moving average price of $148.50.

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, beating the consensus estimate 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 firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the firm posted $1.50 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They set a “buy” rating for the company. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Citigroup lifted their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Finally, Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus 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.