Philip Morris International Inc. (NYSE:PM) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC decreased its stake in Philip Morris International Inc. (NYSE:PM) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,374 shares of the company’s stock after selling 927 shares during the period. Aptus Capital Advisors LLC’s holdings in Philip Morris International were worth $1,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cumberland Partners Ltd boosted its position in Philip Morris International by 458.6% during the 3rd quarter. Cumberland Partners Ltd now owns 55,860 shares of the company’s stock valued at $6,781,000 after purchasing an additional 45,860 shares during the period. Savvy Advisors Inc. boosted its position in Philip Morris International by 46.3% during the 3rd quarter. Savvy Advisors Inc. now owns 5,567 shares of the company’s stock valued at $676,000 after purchasing an additional 1,763 shares during the period. Verus Capital Partners LLC boosted its position in Philip Morris International by 11.7% during the 3rd quarter. Verus Capital Partners LLC now owns 5,784 shares of the company’s stock valued at $702,000 after purchasing an additional 605 shares during the period. Platform Technology Partners boosted its position in Philip Morris International by 7.9% during the 3rd quarter. Platform Technology Partners now owns 7,376 shares of the company’s stock valued at $895,000 after purchasing an additional 541 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Philip Morris International by 4.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,050,747 shares of the company’s stock valued at $370,361,000 after purchasing an additional 130,053 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. UBS Group boosted their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Bank of America boosted their price target on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Citigroup boosted their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.85.

Insider Buying and Selling

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Andre Calantzopoulos sold 101,918 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now owns 959,761 shares in the company, valued at $124,624,965.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Philip Morris International Stock Up 0.8 %

PM opened at $125.24 on Thursday. The firm has a market cap of $194.73 billion, a PE ratio of 19.88, a P/E/G ratio of 2.17 and a beta of 0.54. The business has a fifty day simple moving average of $124.21 and a 200-day simple moving average of $113.02. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Philip Morris International’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.67 EPS. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio is 85.71%.

Philip Morris International Company 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.