GW Henssler & Associates Ltd. Purchases 7,607 Shares of Philip Morris International Inc. (NYSE:PM)

GW Henssler & Associates Ltd. raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,825 shares of the company’s stock after purchasing an additional 7,607 shares during the period. GW Henssler & Associates Ltd.’s holdings in Philip Morris International were worth $10,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC raised its stake in shares of Philip Morris International by 14.8% in the 2nd quarter. Bogart Wealth LLC now owns 8,681 shares of the company’s stock valued at $681,000 after acquiring an additional 1,121 shares in the last quarter. 6 Meridian raised its stake in shares of Philip Morris International by 2.2% in the 2nd quarter. 6 Meridian now owns 6,627 shares of the company’s stock valued at $520,000 after acquiring an additional 144 shares in the last quarter. E&G Advisors LP raised its stake in shares of Philip Morris International by 3.9% in the 2nd quarter. E&G Advisors LP now owns 6,800 shares of the company’s stock valued at $534,000 after acquiring an additional 253 shares in the last quarter. First Hawaiian Bank raised its stake in shares of Philip Morris International by 11.0% in the 2nd quarter. First Hawaiian Bank now owns 25,429 shares of the company’s stock valued at $1,997,000 after acquiring an additional 2,511 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of Philip Morris International by 1.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 37,000 shares of the company’s stock valued at $2,906,000 after acquiring an additional 681 shares in the last quarter. 73.12% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on PM shares. Stifel Nicolaus reissued a “buy” rating on shares of Philip Morris International in a research note on Tuesday, October 15th. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday. Cowen reissued a “hold” rating on shares of Philip Morris International in a research note on Thursday, September 12th. Wells Fargo & Co cut their price objective on Philip Morris International from $102.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, October 18th. Finally, Bank of America raised Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $92.27.

NYSE PM traded down $0.87 during trading on Wednesday, hitting $82.10. The company’s stock had a trading volume of 5,053,339 shares, compared to its average volume of 5,749,956. The firm has a 50 day moving average price of $82.50 and a 200 day moving average price of $80.16. The firm has a market cap of $129.03 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01. Philip Morris International Inc. has a 52 week low of $64.67 and a 52 week high of $92.74.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, October 17th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.08. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The company had revenue of $7.64 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the previous year, the business posted $1.44 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, analysts predict that Philip Morris International Inc. will post 5.22 earnings per share for the current year.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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