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Stratos Wealth Advisors LLC Has $1.79 Million Position in Philip Morris International Inc. (NYSE:PM)

Philip Morris International logo with Consumer Staples background

Stratos Wealth Advisors LLC cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 11.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pacifica Partners Inc. lifted its holdings in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth about $35,000. Inlight Wealth Management LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth about $38,000. Ameriflex Group Inc. purchased a new position in shares of Philip Morris International during the 4th quarter worth about $36,000. Finally, Knuff & Co LLC purchased a new position in shares of Philip Morris International during the 4th quarter worth about $36,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 1.6%

PM stock traded up $2.87 during trading on Thursday, hitting $180.85. The company had a trading volume of 5,208,523 shares, compared to its average volume of 5,637,079. The company has a fifty day moving average price of $177.65 and a two-hundred day moving average price of $155.73. The company has a market cap of $281.50 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.58 and a beta of 0.51. Philip Morris International Inc. has a fifty-two week low of $102.75 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 EPS. On average, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

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 paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio is currently 111.34%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PM shares. Needham & Company LLC started coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Barclays increased their target price on shares of Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research report on Wednesday. They issued a "buy" rating and a $220.00 price objective for the company. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.73.

Read Our Latest Stock Report on Philip Morris International

Philip Morris International Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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