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

Charles Schwab Investment Management Inc. increased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,422,920 shares of the company's stock after buying an additional 190,201 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.86% of Philip Morris International worth $1,615,449,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Philip Morris International by 3.2% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company's stock worth $302,000 after acquiring an additional 78 shares during the last quarter. Intergy Private Wealth LLC raised its position in Philip Morris International by 4.3% in the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company's stock worth $236,000 after purchasing an additional 80 shares during the period. BKM Wealth Management LLC lifted its stake in Philip Morris International by 3.4% in the fourth quarter. BKM Wealth Management LLC now owns 2,479 shares of the company's stock worth $298,000 after purchasing an additional 81 shares during the last quarter. Detalus Advisors LLC boosted its position in Philip Morris International by 2.6% during the fourth quarter. Detalus Advisors LLC now owns 3,231 shares of the company's stock valued at $389,000 after buying an additional 81 shares during the period. Finally, Wealthstream Advisors Inc. grew its stake in shares of Philip Morris International by 3.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company's stock valued at $297,000 after buying an additional 82 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PM shares. UBS Group increased their target price on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. Barclays lifted their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.56.

Insider Buying and Selling

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares of the company's stock, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now directly owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock valued at $19,092,846 in the last ninety days. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

Shares of PM stock traded down $0.06 during mid-day trading on Thursday, hitting $153.08. The company had a trading volume of 743,714 shares, compared to its average volume of 5,151,795. The company has a market capitalization of $238.02 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.65 and a beta of 0.53. The stock's 50 day moving average price is $134.82 and its 200-day moving average price is $128.60. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company 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 3.53%. Philip Morris International's payout ratio is 119.73%.

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.