Brighton Jones LLC Has $5.87 Million Position in Philip Morris International Inc. $PM

Brighton Jones LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 39.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,224 shares of the company’s stock after purchasing an additional 9,110 shares during the quarter. Brighton Jones LLC’s holdings in Philip Morris International were worth $5,869,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PM. Abound Wealth Management lifted its stake in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the first quarter valued at $30,000. Briaud Financial Planning Inc lifted its stake in shares of Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the period. CBIZ Investment Advisory Services LLC lifted its stake in shares of Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International during the first quarter valued at $34,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PM. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. increased their target price on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Trading Down 0.0%

NYSE:PM opened at $157.69 on Friday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The business’s 50-day moving average price is $162.32 and its two-hundred day moving average price is $168.98. The firm has a market capitalization of $245.45 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.30 and a beta of 0.46.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 11.02%.The company had revenue of $8.12 billion during the quarter. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. Philip Morris International’s dividend payout ratio is currently 106.52%.

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.