929,792 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 929,792 shares of the company's stock, valued at approximately $111,900,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Philip Morris International at the end of the most recent quarter.

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A number of other institutional investors and hedge funds have also recently made changes to their positions in PM. NewSquare Capital LLC increased its position in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth $33,000. Knuff & Co LLC bought a new position in shares of Philip Morris International in the 4th quarter valued at $36,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new stake in Philip Morris International during the 4th quarter worth $36,000. Institutional investors own 78.63% of the company's stock.

Insider Activity

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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PM has been the subject of several research reports. Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $169.20.

View Our Latest Stock Analysis on Philip Morris International

Philip Morris International Stock Performance

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Shares of PM stock opened at $178.23 on Tuesday. The company has a market cap of $277.41 billion, a P/E ratio of 39.52, a PEG ratio of 2.65 and a beta of 0.50. The stock has a 50 day simple moving average of $163.08 and a two-hundred day simple moving average of $144.39. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $179.73.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. On average, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

About Philip Morris International

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.

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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).

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