Universal Beteiligungs und Servicegesellschaft mbH Sells 20,363 Shares of Philip Morris International Inc. $PM

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 837,331 shares of the company’s stock after selling 20,363 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Philip Morris International were worth $135,815,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $25,000. Traub Capital Management LLC purchased a new stake in shares of Philip Morris International during the second quarter valued at approximately $25,000. Marquette Asset Management LLC grew its holdings in shares of Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Estabrook Capital Management purchased a new position in shares of Philip Morris International in the second quarter worth $30,000. Finally, Briaud Financial Planning Inc increased its stake in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 3.6%

Shares of Philip Morris International stock opened at $167.38 on Wednesday. The company has a market capitalization of $260.54 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.87 and a beta of 0.40. The stock’s 50-day simple moving average is $158.30 and its 200-day simple moving average is $161.54. Philip Morris International Inc. has a 52 week low of $122.22 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Friday, October 24th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.10 by $0.14. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The company had revenue of $10.85 billion during the quarter, compared to analyst estimates of $10.67 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. Philip Morris International’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 106.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PM. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and cut their price target for the company from $220.00 to $180.00 in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Barclays reduced their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $184.56.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.