Hennion & Walsh Asset Management Inc. Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 17.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,567 shares of the company's stock after purchasing an additional 4,639 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Philip Morris International were worth $4,852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after acquiring an additional 1,167,810 shares in the last quarter. Capital World Investors grew its holdings in shares of Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. GQG Partners LLC increased its stake in Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the period. Geode Capital Management LLC lifted its holdings in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after buying an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Philip Morris International by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after buying an additional 516,617 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on PM shares. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup increased their price target 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, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus target price of $175.30.

Philip Morris International Stock Up 0.5%

Philip Morris International stock traded up $0.95 during mid-day trading on Thursday, hitting $181.61. The company had a trading volume of 3,566,454 shares, compared to its average volume of 5,611,481. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $183.94. The business has a fifty day moving average of $166.88 and a 200 day moving average of $146.75. The stock has a market cap of $282.68 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the firm posted $1.50 EPS. The company's revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

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.