Kera Capital Partners Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,541 shares of the company’s stock, valued at approximately $463,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Private Client Services LLC increased its stake in Philip Morris International by 33.8% during the 2nd quarter. Private Client Services LLC now owns 3,821 shares of the company’s stock valued at $696,000 after purchasing an additional 965 shares in the last quarter. Real Talk Capital LLC increased its stake in Philip Morris International by 2.2% during the 1st quarter. Real Talk Capital LLC now owns 3,891 shares of the company’s stock valued at $618,000 after purchasing an additional 84 shares in the last quarter. Voya Investment Management LLC increased its stake in Philip Morris International by 20.4% during the 1st quarter. Voya Investment Management LLC now owns 1,364,329 shares of the company’s stock valued at $216,560,000 after purchasing an additional 231,082 shares in the last quarter. Ridgepath Capital Management LLC increased its stake in Philip Morris International by 1.2% during the 1st quarter. Ridgepath Capital Management LLC now owns 39,102 shares of the company’s stock valued at $6,207,000 after purchasing an additional 448 shares in the last quarter. Finally, Militia Capital Partners LP bought a new stake in Philip Morris International during the 1st quarter valued at about $1,587,000. 78.63% of the stock is currently owned by institutional investors.
Philip Morris International Stock Down 1.0%
Shares of PM stock opened at $166.18 on Friday. The company has a 50 day moving average price of $168.89 and a 200-day moving average price of $167.64. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The firm has a market capitalization of $258.67 billion, a PE ratio of 31.59, a P/E/G ratio of 2.44 and a beta of 0.49.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a “buy” rating and a $220.00 price objective for the company. Bank of America raised their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. UBS Group reduced their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, Barclays reduced their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.91.
Read Our Latest Analysis on PM
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.
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