Philip Morris International Inc. (NYSE:PM) Stock Position Raised by Brighton Jones LLC

Brighton Jones LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 31.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,531 shares of the company’s stock after buying an additional 2,023 shares during the quarter. Brighton Jones LLC’s holdings in Philip Morris International were worth $1,027,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. increased its stake in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the last quarter. Dunhill Financial LLC increased its position in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. Concord Wealth Partners raised its holdings in Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Philip Morris International in the third quarter worth about $54,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PM. Citigroup raised their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Up 1.5 %

PM stock opened at $127.28 on Friday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market cap of $197.89 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The business’s 50-day simple moving average is $125.30 and its 200 day simple moving average is $121.97.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 85.71%.

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.