Compagnie Lombard Odier SCmA Reduces Holdings in Philip Morris International Inc. (NYSE:PM)

Compagnie Lombard Odier SCmA trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,410 shares of the company’s stock after selling 1,000 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Philip Morris International were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC boosted its stake in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the fourth quarter worth about $33,000. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after acquiring an additional 115 shares during the period. Knuff & Co LLC purchased a new stake in Philip Morris International in the fourth quarter worth about $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International in the fourth quarter worth about $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.3%

PM opened at $183.98 on Friday. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $184.10. The company has a market cap of $286.37 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The firm’s 50-day moving average price is $169.95 and its 200-day moving average price is $148.87.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PM shares. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays boosted their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $175.30.

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.