Hantz Financial Services Inc. Sells 2,412 Shares of Philip Morris International Inc. (NYSE:PM)

Hantz Financial Services Inc. decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,051 shares of the company’s stock after selling 2,412 shares during the quarter. Hantz Financial Services Inc.’s holdings in Philip Morris International were worth $8,504,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PM. EverSource Wealth Advisors LLC boosted its holdings in shares of Philip Morris International by 7.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $523,000 after acquiring an additional 390 shares during the period. Kathmere Capital Management LLC lifted its holdings in Philip Morris International by 15.6% during the 2nd quarter. Kathmere Capital Management LLC now owns 5,588 shares of the company’s stock worth $526,000 after purchasing an additional 755 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in Philip Morris International by 17.5% in the 2nd quarter. Transcend Capital Advisors LLC now owns 8,572 shares of the company’s stock worth $869,000 after purchasing an additional 1,276 shares during the period. GAMMA Investing LLC grew its holdings in Philip Morris International by 67.7% during the 2nd quarter. GAMMA Investing LLC now owns 14,802 shares of the company’s stock valued at $1,500,000 after buying an additional 5,976 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Philip Morris International by 1.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 39,161 shares of the company’s stock valued at $3,968,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, insider Werner Barth sold 7,500 shares of the 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 completion of the sale, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction that occurred on 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 approximately $124,624,965.85. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Up 0.9 %

NYSE PM opened at $133.06 on Friday. The stock’s 50-day simple moving average is $125.74 and its two-hundred day simple moving average is $115.77. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market capitalization of $206.89 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.31 and a beta of 0.54.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data 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 company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $1.67 EPS. On average, equities analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were paid a $1.35 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.06%. Philip Morris International’s dividend payout ratio is 85.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PM. Bank of America raised their price objective on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Barclays raised their price target on shares of Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus restated 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. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Philip Morris International 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.