Consilio Wealth Advisors LLC Buys New Shares in Philip Morris International Inc. (NYSE:PM)

Consilio Wealth Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,553 shares of the company's stock, valued at approximately $247,000.

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Other hedge funds have also recently made changes to their positions in the company. NewSquare Capital LLC increased its position 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 valued at $25,000 after acquiring an additional 72 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at $33,000. Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the last quarter. Knuff & Co LLC purchased a new stake in Philip Morris International in the fourth quarter valued at $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International in the fourth quarter valued at $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.5%

NYSE:PM opened at $181.61 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 50 day moving average of $167.34 and a two-hundred day moving average of $147.10. The firm has a market cap of $282.68 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

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Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping 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 company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the business earned $1.50 EPS. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PM shares. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Needham & Company LLC started coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Stifel Nicolaus upped their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Bank of America increased their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two 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, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $175.30.

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View Our Latest Analysis on Philip Morris International

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.

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