Stratos Investment Management LLC Has $1.12 Million Stake in Philip Morris International Inc. (NYSE:PM)

Stratos Investment Management LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,078 shares of the company's stock after acquiring an additional 1,475 shares during the quarter. Stratos Investment Management LLC's holdings in Philip Morris International were worth $1,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after buying an additional 87,631 shares in the last quarter. Brighton Jones LLC raised its holdings in 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 buying an additional 2,023 shares in the last quarter. Symmetry Investments LP bought a new position in Philip Morris International during the fourth quarter valued at about $1,966,000. Worth Asset Management LLC bought a new position in Philip Morris International during the first quarter valued at about $2,223,000. Finally, Annex Advisory Services LLC raised its holdings in Philip Morris International by 46.6% during the first quarter. Annex Advisory Services LLC now owns 34,715 shares of the company's stock valued at $5,510,000 after buying an additional 11,034 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

PM has been the topic of a number of recent analyst reports. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday. Bank of America upped their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday. They set a "buy" rating and a $220.00 price target on the stock. Needham & Company LLC assumed coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $185.73.

Philip Morris International Trading Down 0.7%

Shares of NYSE:PM traded down $1.26 during midday trading on Friday, hitting $179.73. The company had a trading volume of 3,430,602 shares, compared to its average volume of 5,643,398. Philip Morris International Inc. has a 12 month low of $104.84 and a 12 month high of $186.69. The stock has a market cap of $279.75 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.61 and a beta of 0.51. The firm has a fifty day simple moving average of $178.05 and a 200 day simple moving average of $156.75.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate 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 negative return on equity of 122.40% and a net margin of 8.43%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio 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.