Charles Schwab Investment Management Inc. Grows Stake in Philip Morris International Inc. (NYSE:PM)

Charles Schwab Investment Management Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.86% of Philip Morris International worth $1,226,746,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PM. Headlands Technologies LLC bought a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International in the 4th quarter worth $33,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth about $39,000. McClarren Financial Advisors Inc. increased its holdings in shares of Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after buying an additional 278 shares during the last quarter. Finally, Activest Wealth Management raised its position in shares of Philip Morris International by 1,685.7% during the 4th quarter. Activest Wealth Management now owns 500 shares of the company’s stock valued at $47,000 after buying an additional 472 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM stock traded up $0.20 during midday trading on Wednesday, reaching $97.73. The stock had a trading volume of 2,184,565 shares, compared to its average volume of 5,684,331. The firm has a fifty day simple moving average of $92.76 and a two-hundred day simple moving average of $92.38. The stock has a market cap of $151.93 billion, a PE ratio of 19.04, a P/E/G ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.70.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 EPS. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.32%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Ratings Changes

PM has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a report on Tuesday, February 13th. Finally, UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.50.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’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 completion of the transaction, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the SEC, which is available at this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, 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. Over the last quarter, insiders sold 35,250 shares of company stock valued at $3,339,528. Corporate insiders own 0.14% of the company’s stock.

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.