Philip Morris International Inc. (NYSE:PM) Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 0.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,298 shares of the company’s stock after selling 658 shares during the quarter. Philip Morris International comprises 1.3% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 23rd largest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Philip Morris International were worth $19,217,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Miracle Mile Advisors LLC acquired a new position in shares of Philip Morris International during the 1st quarter valued at $201,000. Claro Advisors LLC boosted its holdings in Philip Morris International by 2.0% in the 1st quarter. Claro Advisors LLC now owns 7,336 shares of the company’s stock worth $672,000 after acquiring an additional 142 shares during the period. Silverlake Wealth Management LLC grew its position in Philip Morris International by 24.2% in the first quarter. Silverlake Wealth Management LLC now owns 4,080 shares of the company’s stock valued at $374,000 after acquiring an additional 796 shares in the last quarter. Albion Financial Group UT purchased a new stake in shares of Philip Morris International during the first quarter valued at approximately $82,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Philip Morris International by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 185,445 shares of the company’s stock valued at $16,990,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.85.

Insider Transactions at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the transaction, the chairman now directly owns 959,761 shares in the company, valued at $124,624,965.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total transaction of $974,850.00. Following the transaction, the insider now owns 95,418 shares in the company, valued at approximately $12,402,431.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,418 shares of company stock valued at $15,247,052 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Performance

PM stock opened at $130.51 on Tuesday. The stock’s fifty day moving average is $122.74 and its two-hundred day moving average is $110.28. The stock has a market capitalization of $202.88 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.57 and a beta of 0.55. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $133.27.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a net margin of 12.10% and a negative return on equity of 117.94%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.67 earnings per share. As a group, analysts predict that Philip Morris International Inc. will post 6.45 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a dividend of $1.35 per share. The ex-dividend date was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.14%. Philip Morris International’s payout ratio is presently 105.47%.

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.