Philip Morris International Inc. (NYSE:PM) Shares Purchased by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 26.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,800 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Ayrshire Capital Management LLC’s holdings in Philip Morris International were worth $762,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International during the 4th quarter worth about $33,000. Pacifica Partners Inc. lifted its position in shares of Philip Morris International by 115.0% during 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 acquired a new position in Philip Morris International in the fourth quarter valued at $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new position in Philip Morris International during the 4th quarter worth approximately $36,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PM. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Barclays raised their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Morgan Stanley reissued an “overweight” rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a “buy” rating on the stock. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.30.

Philip Morris International Price Performance

Shares of NYSE PM opened at $180.62 on Tuesday. The company has a market capitalization of $281.13 billion, a P/E ratio of 40.05, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The business’s 50-day moving average price is $168.30 and its two-hundred day moving average price is $148.04. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $183.94.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion for 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 firm’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.50 earnings per share. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

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.