Patriot Investment Management Group Inc. Sells 265 Shares of Philip Morris International Inc. (NYSE:PM)

Patriot Investment Management Group Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,208 shares of the company’s stock after selling 265 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in Philip Morris International were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lloyd Advisory Services LLC. boosted its position in shares of Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after acquiring an additional 64 shares during the period. Omnia Family Wealth LLC boosted its position in shares of Philip Morris International by 1.7% in the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock valued at $469,000 after acquiring an additional 65 shares during the period. Sonora Investment Management Group LLC boosted its position in shares of Philip Morris International by 0.6% in the first quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company’s stock valued at $1,784,000 after acquiring an additional 68 shares during the period. Meridian Wealth Partners LLC boosted its position in shares of Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after acquiring an additional 70 shares during the period. Finally, NewSquare Capital LLC boosted its position in shares of Philip Morris International by 53.7% in the fourth 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. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and raised their target price for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have given a buy 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 $175.30.

Philip Morris International Stock Up 0.3%

Shares of NYSE PM opened at $183.98 on Friday. The firm’s fifty day moving average is $169.95 and its 200 day moving average is $148.87. The company has a market cap of $286.37 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $184.10.

Philip Morris International (NYSE:PM) last issued 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 business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

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.