Philip Morris International Inc. (NYSE:PM) Shares Acquired by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. increased its position in Philip Morris International Inc. (NYSE:PM) by 3.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,032 shares of the company’s stock after purchasing an additional 64 shares during the period. Lloyd Advisory Services LLC.’s holdings in Philip Morris International were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PM. GQG Partners LLC boosted its stake in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the period. GAMMA Investing LLC boosted its stake in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock valued at $712,210,000 after acquiring an additional 4,464,590 shares during the period. Raymond James Financial Inc. acquired a new position in Philip Morris International in the fourth quarter valued at approximately $522,214,000. Kovitz Investment Group Partners LLC boosted its stake in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after acquiring an additional 4,298,530 shares during the period. Finally, Capital World Investors boosted its stake in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $181.77 on Friday. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The stock has a market cap of $282.93 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.65 and a beta of 0.52. The stock’s 50 day moving average price is $167.81 and its 200 day moving average price is $147.58.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 earnings per share. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on PM shares. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Citigroup lifted their price target on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Stifel Nicolaus lifted their price target on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $175.30.

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.