Cantor Fitzgerald Investment Advisors L.P. Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Cantor Fitzgerald Investment Advisors L.P. boosted its stake in Philip Morris International Inc. (NYSE:PM) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 159,495 shares of the company’s stock after buying an additional 1,197 shares during the quarter. Philip Morris International makes up 1.3% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 21st largest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Philip Morris International were worth $19,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Brookstone Capital Management increased its position in shares of Philip Morris International by 1.9% during the third quarter. Brookstone Capital Management now owns 25,953 shares of the company’s stock valued at $3,151,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. increased its position in shares of Philip Morris International by 7.5% during the 3rd quarter. UMB Bank n.a. now owns 34,037 shares of the company’s stock valued at $4,132,000 after purchasing an additional 2,378 shares during the last quarter. Quotient Wealth Partners LLC raised its stake in shares of Philip Morris International by 9.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 3,911 shares of the company’s stock worth $475,000 after purchasing an additional 353 shares during the period. Cerro Pacific Wealth Advisors LLC raised its stake in shares of Philip Morris International by 15.7% during the 3rd quarter. Cerro Pacific Wealth Advisors LLC now owns 2,931 shares of the company’s stock worth $356,000 after purchasing an additional 397 shares during the period. Finally, San Luis Wealth Advisors LLC boosted its holdings in shares of Philip Morris International by 93.5% in the 3rd quarter. San Luis Wealth Advisors LLC now owns 6,179 shares of the company’s stock worth $750,000 after buying an additional 2,985 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays dropped their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. Stifel Nicolaus upped their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group lifted their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.35.

Philip Morris International Trading Down 0.6 %

Shares of NYSE PM opened at $144.40 on Friday. The business has a 50-day moving average of $125.44 and a 200-day moving average of $123.61. The firm has a market capitalization of $224.51 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $146.78.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, analysts predict that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.74%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

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.