Charles Schwab Investment Management Inc. Increases Position in Philip Morris International Inc. (NYSE:PM)

Charles Schwab Investment Management Inc. raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,396,354 shares of the company's stock after purchasing an additional 125,919 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of Philip Morris International worth $1,226,746,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Philip Morris International by 5.4% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,582 shares of the company's stock valued at $2,031,000 after acquiring an additional 1,106 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Philip Morris International by 13.5% in the 4th quarter. Apollon Wealth Management LLC now owns 42,373 shares of the company's stock valued at $3,986,000 after purchasing an additional 5,031 shares during the period. Lincoln National Corp raised its holdings in shares of Philip Morris International by 3.0% in the 4th quarter. Lincoln National Corp now owns 33,210 shares of the company's stock worth $3,124,000 after buying an additional 968 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Philip Morris International by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 120,822 shares of the company's stock valued at $11,367,000 after buying an additional 1,286 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Philip Morris International by 52.6% in the fourth quarter. Private Advisor Group LLC now owns 79,082 shares of the company's stock valued at $7,440,000 after acquiring an additional 27,258 shares during the period. Institutional investors own 78.63% of the company's stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares of the company's stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock valued at $3,339,528 over the last 90 days. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on PM. Societe Generale raised shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. Stifel Nicolaus lifted their price target on Philip Morris International from $108.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Argus reissued a "hold" rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a "buy" rating to a "sell" rating and decreased their price target for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of "Hold" and an average price target of $105.50.

Philip Morris International Stock Performance

NYSE:PM traded up $0.74 during mid-day trading on Wednesday, hitting $98.27. The company had a trading volume of 5,784,341 shares, compared to its average volume of 5,725,320. The firm has a market cap of $152.77 billion, a P/E ratio of 19.04, a P/E/G ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.70. The business's fifty day moving average is $92.76 and its two-hundred day moving average is $92.38.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The company had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. Equities analysts forecast that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.29%. Philip Morris International's dividend payout ratio (DPR) is presently 101.56%.

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.