Mitsubishi UFJ Asset Management UK Ltd. Has $159,000 Stake in Philip Morris International Inc. (NYSE:PM)

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. reduced its stake in Philip Morris International Inc. by 66.7%, now holding 1,000 shares worth $159,000 according to recent SEC filings.
• Equities analysts have set varying price targets for Philip Morris, with Bank of America increasing its target to $200.00, while overall consensus rating is a "Moderate Buy" with a target price of $186.27.
• Philip Morris International declared a quarterly dividend of $1.35 per share, translating to an annualized dividend of $5.40 and a dividend yield of 3.3%.

Mitsubishi UFJ Asset Management UK Ltd. trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 66.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,000 shares of the company's stock after selling 2,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Philip Morris International were worth $159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the 1st quarter worth about $34,000. Pacifica Partners Inc. grew its holdings in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the period. Redmont Wealth Advisors LLC bought a new position in Philip Morris International during the first quarter worth about $35,000. Ball & Co Wealth Management Inc. bought a new position in Philip Morris International during the fourth quarter worth about $36,000. Finally, Ameriflex Group Inc. bought a new position in Philip Morris International during the fourth quarter worth about $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Needham & Company LLC restated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley restated an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Trading Down 1.7%

Shares of NYSE:PM opened at $165.69 on Thursday. The firm has a 50 day moving average of $175.47 and a 200-day moving average of $164.05. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a market capitalization of $257.91 billion, a PE ratio of 31.50, a PEG ratio of 2.45 and a beta of 0.48.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The company's revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio is 102.66%.

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.

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