Schwarz Dygos Wheeler Investment Advisors LLC Has $3.59 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,852 shares of the company's stock after acquiring an additional 5,162 shares during the period. Philip Morris International makes up 0.9% of Schwarz Dygos Wheeler Investment Advisors LLC's holdings, making the stock its 27th largest position. Schwarz Dygos Wheeler Investment Advisors LLC's holdings in Philip Morris International were worth $3,593,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Taika Capital LP bought a new stake in shares of Philip Morris International in the 4th quarter worth $744,000. SLT Holdings LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth $665,000. Enterprise Financial Services Corp raised its stake in shares of Philip Morris International by 3.7% in the 4th quarter. Enterprise Financial Services Corp now owns 5,351 shares of the company's stock worth $644,000 after buying an additional 191 shares in the last quarter. Sowell Financial Services LLC raised its stake in shares of Philip Morris International by 10.4% in the 4th quarter. Sowell Financial Services LLC now owns 45,584 shares of the company's stock worth $5,486,000 after buying an additional 4,280 shares in the last quarter. Finally, Ruffer LLP raised its stake in shares of Philip Morris International by 10.0% in the 4th quarter. Ruffer LLP now owns 335,162 shares of the company's stock worth $40,336,000 after buying an additional 30,363 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

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Wall Street Analysts Forecast Growth

PM has been the topic of a number of research reports. UBS Group boosted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Barclays lifted their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Stifel Nicolaus lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 target price on the stock. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.56.

Insider Activity

In related news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total value of $749,400.00. Following the sale, the vice president now directly owns 20,799 shares of the company's stock, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.87 on Wednesday, reaching $151.23. 5,179,671 shares of the company's stock traded hands, compared to its average volume of 5,207,075. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $159.51. The company has a market capitalization of $235.14 billion, a P/E ratio of 33.53, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. The business's 50 day moving average price is $137.92 and its two-hundred day moving average price is $129.73.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates 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%. Research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.57%. Philip Morris International's dividend payout ratio is 119.73%.

About Philip Morris International

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.