Hennion & Walsh Asset Management Inc. Buys 4,639 Shares of Philip Morris International Inc. (NYSE:PM)

Hennion & Walsh Asset Management Inc. raised its stake in Philip Morris International Inc. (NYSE:PM) by 17.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,567 shares of the company’s stock after acquiring an additional 4,639 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Philip Morris International were worth $4,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Omnia Family Wealth LLC boosted its holdings in Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock valued at $469,000 after acquiring an additional 65 shares during the period. Meridian Wealth Partners LLC boosted its holdings in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after acquiring an additional 70 shares during the period. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock valued at $437,000 after acquiring an additional 73 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after acquiring an additional 74 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.2%

PM opened at $182.42 on Wednesday. The stock has a fifty day moving average price of $166.38 and a 200-day moving average price of $146.52. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $183.94. The firm has a market cap of $283.94 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $1.50 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 2.96%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Insider Activity at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PM shares. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Citigroup lifted their target price on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Needham & Company LLC initiated coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a “buy” rating for the company. Finally, Barclays lifted their target price on Philip Morris International from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.20.

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.