GW Henssler & Associates Ltd. Has $33.28 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

GW Henssler & Associates Ltd. lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 274,094 shares of the company’s stock after selling 4,124 shares during the period. Philip Morris International comprises 2.0% of GW Henssler & Associates Ltd.’s holdings, making the stock its 11th largest holding. GW Henssler & Associates Ltd.’s holdings in Philip Morris International were worth $33,275,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PM. State Street Corp increased its position in Philip Morris International by 0.4% during the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock valued at $6,715,237,000 after purchasing an additional 224,840 shares during the period. Geode Capital Management LLC lifted its position in shares of Philip Morris International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock worth $3,886,818,000 after purchasing an additional 621,034 shares during the period. FMR LLC boosted its stake in shares of Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Philip Morris International by 3.0% during the third quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock worth $1,560,752,000 after buying an additional 376,406 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.1 %

Philip Morris International stock opened at $130.16 on Monday. The firm has a market capitalization of $202.37 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. The firm’s fifty day moving average price is $125.23 and its two-hundred day moving average price is $122.98. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.15%. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PM. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Citigroup raised their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International 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.