TD Waterhouse Canada Inc. Has $2.82 Million Holdings in Philip Morris International Inc. (NYSE:PM)

TD Waterhouse Canada Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,462 shares of the company's stock after acquiring an additional 3,652 shares during the period. TD Waterhouse Canada Inc.'s holdings in Philip Morris International were worth $2,823,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares in the last quarter. Capital World Investors boosted its position in Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares during the last quarter. GQG Partners LLC grew its stake in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after purchasing an additional 516,617 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 2.4 %

Shares of NYSE:PM opened at $168.07 on Thursday. Philip Morris International Inc. has a 12-month low of $94.42 and a 12-month high of $171.63. The business has a 50 day moving average of $154.69 and a 200-day moving average of $136.86. The stock has a market cap of $261.60 billion, a PE ratio of 37.27, a P/E/G ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. During the same period in the previous year, the company posted $1.50 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 119.73%.

Insiders Place Their Bets

In other news, insider Werner Barth sold 10,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the sale, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last quarter. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

PM has been the topic of several analyst reports. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. UBS Group boosted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. Barclays raised their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus increased their price target on shares of Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.78.

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.

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