Wesbanco Bank Inc. Sells 112 Shares of Philip Morris International Inc. (NYSE:PM)

Wesbanco Bank Inc. lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,457 shares of the company’s stock after selling 112 shares during the period. Wesbanco Bank Inc.’s holdings in Philip Morris International were worth $4,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC increased its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $33,000. Pacifica Partners Inc. increased its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after buying an additional 115 shares during the last quarter. Knuff & Co LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $36,000. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $36,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.1%

Shares of PM opened at $181.77 on Monday. The stock has a market capitalization of $282.93 billion, a P/E ratio of 40.30, a PEG ratio of 2.65 and a beta of 0.52. The firm has a fifty day simple moving average of $167.81 and a two-hundred day simple moving average of $147.69. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PM. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Bank of America increased their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.30.

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.