Mitsubishi UFJ Trust & Banking Corp Has $75.76 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) 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 (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business posted $1.38 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Philip Morris International Inc. will post 6.34 earnings per share for the current year.

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.

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.