Affinity Capital Advisors LLC acquired a new position in Philip Morris International Inc. (NYSE:PM – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,199 shares of the company’s stock, valued at approximately $218,000.
Other institutional investors have also added to or reduced their stakes in the company. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International during the 1st quarter valued at approximately $30,000. CBIZ Investment Advisory Services LLC grew its position in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Philip Morris International during the 1st quarter valued at approximately $34,000. Pacifica Partners Inc. grew 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 valued at $35,000 after acquiring an additional 115 shares during the period. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International during the 1st quarter valued at approximately $35,000. 78.63% of the stock is owned by institutional investors.
Philip Morris International Stock Performance
Philip Morris International stock opened at $163.08 on Wednesday. The stock has a market cap of $253.85 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.35 and a beta of 0.49. The firm’s fifty day moving average price is $168.21 and its 200-day moving average price is $167.84. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.
Analyst Ratings Changes
PM has been the subject of a number of research reports. Barclays reduced their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Finally, Jefferies Financial Group started coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $184.91.
About Philip Morris International
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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