Cantor Fitzgerald Investment Advisors L.P. Reduces Stake in Philip Morris International Inc. $PM

Key Points

• Cantor Fitzgerald Investment Advisors cut its stake in Philip Morris by 20.8% in Q4, selling 19,972 shares and ending the period with 75,902 shares valued at about $12.175 million.
• Philip Morris reported Q4 EPS of $1.70, matching estimates, with revenue of $10.36 billion (slightly below the $10.40B consensus) and set FY2026 EPS guidance at $8.380–$8.530.
• The company declared a quarterly dividend of $1.47 (annualized $5.88, ~3.7% yield; ex-dividend March 19), while insiders including CEO Jacek Olczak and CFO Emmanuel Babeau sold 80,000 and 33,800 shares, respectively.

Cantor Fitzgerald Investment Advisors L.P. lowered its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 75,902 shares of the company's stock after selling 19,972 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Philip Morris International were worth $12,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PM. Capital Research Global Investors increased its holdings in shares of Philip Morris International by 7.2% in the 3rd quarter. Capital Research Global Investors now owns 43,546,533 shares of the company's stock valued at $7,063,263,000 after acquiring an additional 2,911,835 shares during the last quarter. Capital World Investors grew its stake in Philip Morris International by 2.2% during the 3rd quarter. Capital World Investors now owns 128,776,327 shares of the company's stock worth $20,887,743,000 after buying an additional 2,714,674 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Philip Morris International by 36.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,301,112 shares of the company's stock worth $1,491,898,000 after buying an additional 2,475,204 shares during the last quarter. SG Americas Securities LLC grew its stake in Philip Morris International by 1,547.2% during the 4th quarter. SG Americas Securities LLC now owns 2,260,217 shares of the company's stock worth $362,539,000 after buying an additional 2,123,002 shares during the last quarter. Finally, Lone Pine Capital LLC grew its stake in Philip Morris International by 67.3% during the 3rd quarter. Lone Pine Capital LLC now owns 4,614,443 shares of the company's stock worth $748,463,000 after buying an additional 1,856,749 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 0.5%

Philip Morris International stock opened at $160.40 on Friday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $191.30. The stock has a 50 day moving average of $173.79 and a two-hundred day moving average of $163.95. The stock has a market capitalization of $249.98 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.83 and a beta of 0.43.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $1.70 earnings per share for the quarter, hitting analysts' consensus estimates of $1.70. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The company had revenue of $10.36 billion during the quarter, compared to analysts' expectations of $10.40 billion. During the same period last year, the firm earned $1.55 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. Philip Morris International has set its Q1 2026 guidance at 1.800-1.850 EPS and its FY 2026 guidance at 8.380-8.530 EPS. Equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, March 19th. Philip Morris International's dividend payout ratio (DPR) is presently 80.88%.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Needham & Company LLC raised their price target on Philip Morris International from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Stifel Nicolaus dropped their price target on Philip Morris International from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Friday. Jefferies Financial Group downgraded Philip Morris International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $220.00 to $180.00 in a research note on Tuesday, January 20th. Finally, UBS Group restated a "neutral" rating and set a $181.50 price target on shares of Philip Morris International in a research note on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $196.28.

Insider Buying and Selling

In other news, CEO Jacek Olczak sold 80,000 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total value of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares of the company's stock, valued at $115,200,429.92. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the sale, the chief financial officer directly owned 164,463 shares of the company's stock, valued at $29,868,125.43. This represents a 17.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Company Profile

Philip Morris International Inc NYSE: PM is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI's product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.

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