→ The Robotics Revolution has arrived … and one stock could take off as a result. (From Weiss Ratings) (Ad)
Gradient Investments LLC bought a new stake in shares of Philip Morris International Inc. (Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,600 shares of the company's stock, valued at approximately $254,000. 5a24a
Several other institutional investors also recently made changes to their positions in PM. LVW Advisors LLC lifted its position in shares of Philip Morris International by 14.6% during the 1st quarter. LVW Advisors LLC now owns 9,958 shares of the company's stock valued at $1,581,000 after acquiring an additional 1,267 shares during the last quarter. Sweeney & Michel LLC acquired a new position in Philip Morris International during the first quarter worth $477,000. Fragasso Financial Advisors Inc increased its position in Philip Morris International by 3.7% during the first quarter. Fragasso Financial Advisors Inc now owns 3,702 shares of the company's stock worth $588,000 after buying an additional 132 shares during the last quarter. NBC Securities Inc. grew its position in shares of Philip Morris International by 114,433.3% in the first quarter. NBC Securities Inc. now owns 6,872 shares of the company's stock valued at $1,090,000 after purchasing an additional 6,866 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at about $2,223,000. 78.63% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley reiterated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.
Read Our Latest Stock Report on Philip Morris International
PM traded down $0.19 during trading on Friday, reaching $181.77. 2,646,970 shares of the stock traded hands, compared to its average volume of 5,616,502. The stock's 50-day moving average is $167.81 and its 200 day moving average is $147.46. 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 capitalization of $282.93 billion, a PE ratio of 40.30, a P/E/G ratio of 2.65 and a beta of 0.52.
Philip Morris International (Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.
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.
Before you consider Philip Morris International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Philip Morris International wasn't on the list.
While Philip Morris International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools.
Start Your 30-Day Trial
Sign in with Google