Brighton Jones LLC Purchases 249 Shares of Philip Morris International Inc. (NYSE:PM)

Brighton Jones LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,866 shares of the company’s stock after acquiring an additional 249 shares during the period. Brighton Jones LLC’s holdings in Philip Morris International were worth $696,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. ProVise Management Group LLC increased its position in Philip Morris International by 2.4% in the 2nd quarter. ProVise Management Group LLC now owns 158,082 shares of the company’s stock valued at $16,018,000 after acquiring an additional 3,744 shares during the period. Optimist Retirement Group LLC raised its position in Philip Morris International by 11.7% during the 2nd quarter. Optimist Retirement Group LLC now owns 18,109 shares of the company’s stock worth $1,835,000 after purchasing an additional 1,892 shares during the last quarter. Concorde Asset Management LLC lifted its holdings in Philip Morris International by 9.6% during the 2nd quarter. Concorde Asset Management LLC now owns 2,721 shares of the company’s stock worth $276,000 after buying an additional 239 shares during the period. WCG Wealth Advisors LLC grew its position in shares of Philip Morris International by 5.7% in the 2nd quarter. WCG Wealth Advisors LLC now owns 34,067 shares of the company’s stock valued at $3,452,000 after buying an additional 1,835 shares during the last quarter. Finally, LJI Wealth Management LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at about $218,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at approximately $9,877,305.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now directly owns 85,629 shares of the company’s stock, valued at $9,877,305.15. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Price Performance

PM stock opened at $120.79 on Friday. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $128.22. The stock has a market capitalization of $187.77 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.45 and a beta of 0.55. The company’s 50-day moving average is $118.17 and its 200-day moving average is $104.66.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a dividend of $1.35 per share. The ex-dividend date is Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 4.47%. Philip Morris International’s payout ratio is presently 105.47%.

Analyst Ratings Changes

A number of research firms recently commented on PM. Bank of America lifted their price objective on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Barclays boosted their price target on shares of Philip Morris International from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $120.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. UBS Group boosted their target price on shares of Philip Morris International from $95.00 to $105.00 and gave the company a “sell” rating in a report on Monday, September 9th. Finally, StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $117.05.

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.