Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 826,938 shares of the company’s stock after selling 47,805 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of Philip Morris International worth $75,764,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors raised its stake in shares of Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after acquiring an additional 4,869,272 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Philip Morris International by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock valued at $1,226,746,000 after buying an additional 125,919 shares during the last quarter. Northern Trust Corp increased its stake in shares of Philip Morris International by 0.6% in the fourth quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock valued at $1,234,963,000 after buying an additional 77,820 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Philip Morris International by 25.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after acquiring an additional 2,123,311 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Philip Morris International by 10.0% in the first quarter. First Eagle Investment Management LLC now owns 9,918,987 shares of the company’s stock worth $908,778,000 after acquiring an additional 902,557 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Philip Morris International Trading Down 0.3 %
NYSE PM traded down $0.34 on Friday, hitting $107.12. 4,819,336 shares of the company were exchanged, compared to its average volume of 4,447,859. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $109.18. The stock has a fifty day moving average of $102.17 and a 200-day moving average of $95.99. The company has a market cap of $166.52 billion, a PE ratio of 20.92, a PEG ratio of 2.20 and a beta of 0.58.
Philip Morris International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus raised their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of “Hold” and an average price target of $104.22.
Get Our Latest Report on Philip Morris International
Insider Buying and Selling
In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.
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.
Recommended Stories
- Five stocks we like better than Philip Morris International
- Why Invest in High-Yield Dividend Stocks?
- Why This AI Stock is Rising Despite Tech Sell-Off
- What are earnings reports?
- Investors Are Moving into Bonds and Small Cap Stocks: Here’s Why
- Investing in Travel Stocks Benefits
- MarketBeat Week in Review – 7/15 – 7/19
Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM – Free Report).
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.