Philip Morris International Inc. (NYSE:PM) Stake Cut by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 62.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the company’s stock after selling 5,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Philip Morris International were worth $361,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PM. American Century Companies Inc. grew its holdings in shares of Philip Morris International by 24.5% during the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after acquiring an additional 1,715 shares in the last quarter. ProShare Advisors LLC boosted its position in Philip Morris International by 8.8% during the second quarter. ProShare Advisors LLC now owns 210,703 shares of the company’s stock valued at $21,351,000 after purchasing an additional 17,094 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Philip Morris International by 24.2% in the second quarter. EverSource Wealth Advisors LLC now owns 6,846 shares of the company’s stock valued at $694,000 after purchasing an additional 1,333 shares in the last quarter. GCM Grosvenor Holdings LLC acquired a new position in Philip Morris International in the 2nd quarter worth about $28,372,000. Finally, Mill Creek Capital Advisors LLC raised its stake in shares of Philip Morris International by 4.7% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock worth $309,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.8 %

Shares of NYSE:PM opened at $123.78 on Wednesday. The company has a market cap of $192.46 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.99 and a beta of 0.54. The business has a 50 day moving average price of $125.44 and a 200 day moving average price of $121.61. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the prior year, the business earned $1.67 earnings per share. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts anticipate that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analysts Set New Price Targets

A number of research firms recently commented on PM. Deutsche Bank Aktiengesellschaft increased their price objective on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. UBS Group raised their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Finally, Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

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.