SOA Wealth Advisors LLC. Raises Stake in Philip Morris International Inc. (NYSE:PM)

SOA Wealth Advisors LLC. raised its stake in Philip Morris International Inc. (NYSE:PM) by 4,817.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 26,651 shares of the company’s stock after buying an additional 26,109 shares during the period. SOA Wealth Advisors LLC.’s holdings in Philip Morris International were worth $4,230,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares during the last quarter. Capital World Investors lifted its stake in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. GQG Partners LLC lifted its stake in shares of Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Philip Morris International by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock valued at $2,079,262,000 after purchasing an additional 516,617 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PM shares. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Citigroup upped their price target on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Stifel Nicolaus upped their price target on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.30.

Philip Morris International Trading Down 0.1%

Shares of NYSE PM opened at $181.77 on Friday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $183.94. The stock has a 50 day moving average of $167.81 and a two-hundred day moving average of $147.58. The stock has a market cap of $282.93 billion, a P/E ratio of 40.30, a P/E/G ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 120.08% and a net margin of 7.89%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International 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.