Cypress Wealth Services LLC Acquires 95 Shares of Philip Morris International Inc. (NYSE:PM)

Cypress Wealth Services LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,486 shares of the company’s stock after buying an additional 95 shares during the period. Cypress Wealth Services LLC’s holdings in Philip Morris International were worth $1,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Philip Morris International by 23.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company’s stock worth $6,828,000 after acquiring an additional 10,703 shares in the last quarter. Empire Life Investments Inc. increased its stake in shares of Philip Morris International by 11.6% during the fourth quarter. Empire Life Investments Inc. now owns 94,423 shares of the company’s stock valued at $11,364,000 after purchasing an additional 9,789 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in shares of Philip Morris International by 80.9% during the fourth quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company’s stock valued at $922,000 after purchasing an additional 3,425 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $1,966,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Needham & Company LLC assumed coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. Citigroup raised their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. 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. Finally, Barclays raised their price target 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. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.30.

Philip Morris International Stock Down 1.1%

Shares of Philip Morris International stock opened at $180.39 on Thursday. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $183.94. The company has a market capitalization of $280.78 billion, a PE ratio of 40.00, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The stock’s fifty day moving average is $166.88 and its two-hundred day moving average is $146.75.

Philip Morris International (NYSE:PM) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share 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.