Philip Morris International Inc. $PM Shares Acquired by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. increased its holdings in Philip Morris International Inc. by 56.8% during the second quarter, owning a total of 35,534 shares worth approximately $6.47 million.
• Institutional investors collectively own 78.63% of Philip Morris International's stock, with notable increases in holdings from firms like Vanguard Group and WCM Investment Management.
• Philip Morris International recently declared a quarterly dividend of $1.47 per share, up from the previous $1.35, representing an annualized yield of 3.7%.

Stratos Wealth Partners LTD. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 56.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,534 shares of the company's stock after purchasing an additional 12,866 shares during the period. Stratos Wealth Partners LTD.'s holdings in Philip Morris International were worth $6,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Philip Morris International by 0.9% in the first quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after buying an additional 1,189,283 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. WCM Investment Management LLC grew its position in Philip Morris International by 24,968.0% in the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company's stock valued at $2,041,223,000 after acquiring an additional 11,230,626 shares in the last quarter. Nuveen LLC acquired a new stake in Philip Morris International in the first quarter valued at approximately $1,712,994,000. Finally, Goldman Sachs Group Inc. grew its position in Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after acquiring an additional 3,575,158 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PM shares. UBS Group lowered their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. KGI Securities started coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating for the company. Citigroup reaffirmed a "buy" rating on shares of Philip Morris International in a research report on Thursday, September 4th. Jefferies Financial Group started coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $195.44.

Philip Morris International Trading Up 1.3%

PM stock opened at $158.08 on Friday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company has a market capitalization of $246.06 billion, a P/E ratio of 30.05, a PEG ratio of 2.28 and a beta of 0.46. The firm has a 50 day simple moving average of $163.40 and a 200-day simple moving average of $168.73.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $8.12 billion during the quarter. On average, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, October 3rd. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. Philip Morris International's dividend payout ratio is 111.79%.

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.

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