Philip Morris International Inc. (NYSE:PM) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,155 shares of the company's stock after purchasing an additional 1,682 shares during the period. Sequoia Financial Advisors LLC's holdings in Philip Morris International were worth $14,152,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of Philip Morris International by 9.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 8,491 shares of the company's stock valued at $1,033,000 after buying an additional 721 shares in the last quarter. Advisor OS LLC grew its holdings in Philip Morris International by 6.0% during the fourth quarter. Advisor OS LLC now owns 6,107 shares of the company's stock worth $735,000 after acquiring an additional 345 shares during the period. Finally, NewEdge Wealth LLC grew its holdings in Philip Morris International by 0.9% during the fourth quarter. NewEdge Wealth LLC now owns 59,709 shares of the company's stock worth $7,186,000 after acquiring an additional 559 shares during the period. 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 analyst reports. Bank of America raised their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Needham & Company LLC assumed coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Barclays reiterated an "overweight" rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Trading Up 0.6%

Philip Morris International stock opened at $180.61 on Friday. The stock has a 50-day moving average price of $175.60 and a 200 day moving average price of $152.43. Philip Morris International Inc. has a 52 week low of $100.80 and a 52 week high of $186.69. The stock has a market cap of $281.13 billion, a PE ratio of 37.24, a P/E/G ratio of 2.60 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. 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 posted $1.50 earnings per share. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.