54,000 Shares in Philip Morris International Inc. $PM Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc bought a new position in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,000 shares of the company’s stock, valued at approximately $9,835,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Abound Wealth Management lifted its stake in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the first quarter valued at about $30,000. Briaud Financial Planning Inc raised its holdings in 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 purchasing an additional 120 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International during the first quarter valued at about $34,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Down 1.0%

NYSE:PM opened at $144.33 on Friday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company has a market cap of $224.67 billion, a PE ratio of 26.15, a P/E/G ratio of 2.09 and a beta of 0.46. The company’s 50 day moving average is $160.05 and its two-hundred day moving average is $168.86.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. As a group, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 4.1%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 106.52%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. UBS Group cut their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

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.