Hennion & Walsh Asset Management Inc. Sells 506 Shares of Philip Morris International Inc. (NYSE:PM)

Hennion & Walsh Asset Management Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,886 shares of the company’s stock after selling 506 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Philip Morris International were worth $1,547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in shares of Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after purchasing an additional 4,869,272 shares during the period. Wellington Management Group LLP grew its holdings in shares of Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after buying an additional 3,121,732 shares during the period. Lone Pine Capital LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Philip Morris International by 25.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after buying an additional 2,123,311 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Philip Morris International by 216.1% in the fourth quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock valued at $159,121,000 after acquiring an additional 1,156,227 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.2 %

Shares of PM stock opened at $101.33 on Friday. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $104.90. The firm has a market capitalization of $157.52 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. The firm has a fifty day simple moving average of $100.08 and a two-hundred day simple moving average of $94.94.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business posted $1.38 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Insider Transactions at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PM shares. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $104.22.

Philip Morris International Company 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.