Philip Morris International Inc. $PM Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 4.4% in the third quarter, HoldingsChannel.com reports. The firm owned 854,584 shares of the company’s stock after acquiring an additional 35,906 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Philip Morris International were worth $138,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PM. Legacy Investment Solutions LLC bought a new stake in shares of Philip Morris International during the 2nd quarter valued at about $25,000. Traub Capital Management LLC bought a new position in Philip Morris International in the second quarter worth about $25,000. Marquette Asset Management LLC boosted its stake in Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Briaud Financial Planning Inc grew its holdings in shares of Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Finally, Estabrook Capital Management bought a new position in shares of Philip Morris International during the second quarter valued at approximately $30,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research note on Tuesday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Jefferies Financial Group cut shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $220.00 to $180.00 in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $184.56.

Philip Morris International Stock Up 1.8%

Shares of NYSE PM opened at $173.06 on Friday. The stock has a market cap of $269.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.83 and a beta of 0.40. The firm’s 50-day simple moving average is $159.22 and its 200 day simple moving average is $161.60. Philip Morris International Inc. has a fifty-two week low of $125.53 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Friday, October 24th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.10 by $0.14. The firm had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.67 billion. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. Philip Morris International’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.91 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.4%. Philip Morris International’s payout ratio is presently 106.52%.

About Philip Morris International

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.