Hennion & Walsh Asset Management Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 50.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,842 shares of the company's stock after acquiring an additional 3,282 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Philip Morris International were worth $972,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC increased its stake in shares of Philip Morris International by 21.2% in the fourth quarter. Golden State Wealth Management LLC now owns 2,997 shares of the company's stock valued at $285,000 after buying an additional 525 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Philip Morris International by 453.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 883,678 shares of the company's stock valued at $83,950,000 after buying an additional 723,867 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Philip Morris International by 1.6% in the fourth quarter. Cornerstone Wealth Management LLC now owns 13,841 shares of the company's stock valued at $1,316,000 after buying an additional 212 shares during the period. Clarkston Capital Partners LLC increased its stake in shares of Philip Morris International by 62.6% in the fourth quarter. Clarkston Capital Partners LLC now owns 25,900 shares of the company's stock valued at $2,461,000 after buying an additional 9,973 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Philip Morris International by 34.8% in the fourth quarter. Cetera Investment Advisers now owns 73,219 shares of the company's stock valued at $6,956,000 after buying an additional 18,907 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.
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Philip Morris International Price Performance
Shares of Philip Morris International stock opened at $83.01 on Friday. Philip Morris International Inc. has a 1 year low of $82.85 and a 1 year high of $112.48. The firm has a market cap of $128.68 billion, a PE ratio of 14.26, a P/E/G ratio of 3.45 and a beta of 0.62. The stock has a fifty day moving average price of $95.97 and a 200-day moving average price of $98.19.
Philip Morris International (NYSE:PM – Get Rating) last announced its earnings results on Thursday, July 21st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.24. Philip Morris International had a negative return on equity of 115.36% and a net
margin of 11.05%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period last year, the firm posted $1.57 EPS. The business's revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 5.84 EPS for the current fiscal year.
Philip Morris International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Wednesday, September 28th will be paid a dividend of $1.27 per share. This is an increase from Philip Morris International's previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $5.08 annualized dividend and a dividend yield of 6.12%. Philip Morris International's dividend payout ratio is presently 87.29%.
Analyst Ratings Changes
Several analysts recently commented on the company. Credit Suisse Group reiterated a "neutral" rating and issued a $107.00 target price on shares of Philip Morris International in a report on Wednesday. StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Tuesday, July 26th. Finally, Jefferies Financial Group reduced their target price on Philip Morris International from $107.00 to $99.00 in a report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $108.89.
Philip Morris International Profile
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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 that are sold in markets outside the United States.
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