Hennion & Walsh Asset Management Inc. Acquires 6,097 Shares of Philip Morris International Inc. (NYSE:PM)

Hennion & Walsh Asset Management Inc. raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,928 shares of the company's stock after acquiring an additional 6,097 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Philip Morris International were worth $3,120,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Valley Wealth Managers Inc. increased its position in Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC increased its position in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners increased its position in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after buying an additional 298 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in Philip Morris International in the third quarter worth about $54,000. Finally, Reston Wealth Management LLC purchased a new stake in Philip Morris International in the third quarter worth about $58,000. Institutional investors own 78.63% of the company's stock.

Insider Activity

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the sale, the chairman now directly owns 959,761 shares of the company's stock, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Werner Barth sold 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the sale, the insider now directly owns 95,418 shares of the company's stock, valued at $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Philip Morris International Stock Up 1.7 %

Philip Morris International stock traded up $2.08 during midday trading on Friday, reaching $121.88. 5,165,786 shares of the stock traded hands, compared to its average volume of 4,874,188. The stock's fifty day moving average is $125.59 and its 200-day moving average is $121.05. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The stock has a market cap of $189.51 billion, a P/E ratio of 19.35, a PEG ratio of 1.86 and a beta of 0.54.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 earnings per share. On average, equities analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International's payout ratio is 85.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a "sell" rating in a research report on Wednesday, October 23rd. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday. They set an "overweight" rating and a $140.00 target price for the company. Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group increased their target price on Philip Morris International from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Finally, Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.35.

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.