Stratos Wealth Advisors LLC Reduces Position in Philip Morris International Inc. (NYSE:PM)

Stratos Wealth Advisors LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,260 shares of the company's stock after selling 1,443 shares during the period. Stratos Wealth Advisors LLC's holdings in Philip Morris International were worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International during the 1st quarter worth about $35,000. Knuff & Co LLC acquired a new position in Philip Morris International during the 4th quarter worth about $36,000. Ball & Co Wealth Management Inc. acquired a new position in Philip Morris International during the 4th quarter worth about $36,000. Finally, Ameriflex Group Inc. acquired a new position in Philip Morris International during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PM shares. Barclays reissued an "overweight" rating and set a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday. They issued a "buy" rating and a $220.00 price target on the stock. Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, Needham & Company LLC assumed coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $180.73.

Philip Morris International Price Performance

Shares of PM traded up $0.01 during mid-day trading on Wednesday, reaching $177.73. The company's stock had a trading volume of 3,820,558 shares, compared to its average volume of 5,623,932. Philip Morris International Inc. has a 12-month low of $101.62 and a 12-month high of $186.69. The stock has a market cap of $276.64 billion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51. The company's 50 day moving average is $177.53 and its 200 day moving average is $155.58.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating 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 business 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 business posted $1.50 EPS. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.04%. Philip Morris International's dividend payout ratio is presently 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.