Philip Morris International Inc. (NYSE:PM) Stock Position Decreased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,260 shares of the company's stock after selling 1,443 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Philip Morris International were worth $1,787,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of PM. Wealth Enhancement Advisory Services LLC boosted its stake 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 boosted its stake 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 boosted its stake 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 own 78.63% of the company's stock.

Philip Morris International Trading Down 0.7%

NYSE PM traded down $1.26 during trading on Friday, reaching $179.73. 3,411,950 shares of the company's stock were exchanged, compared to its average volume of 5,628,287. Philip Morris International Inc. has a fifty-two week low of $102.75 and a fifty-two week high of $186.69. The firm has a market capitalization of $279.75 billion, a PE ratio of 37.06, a P/E/G ratio of 2.58 and a beta of 0.51. The company's fifty day simple moving average is $177.87 and its 200-day simple moving average is $156.13.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company posted $1.50 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.00%. Philip Morris International's payout ratio is presently 111.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PM. Stifel Nicolaus raised their target price 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. Citigroup increased their price target on Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and twelve 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 price target of $185.73.

About Philip Morris International

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.