Philip Morris International Inc. (NYSE:PM) Stock Holdings Raised by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its stake in Philip Morris International Inc. (NYSE:PM) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 311,505 shares of the company’s stock after purchasing an additional 4,531 shares during the period. Cullen Frost Bankers Inc.’s holdings in Philip Morris International were worth $29,306,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. PFG Investments LLC lifted its position in Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after purchasing an additional 109 shares during the period. CGC Financial Services LLC boosted its position in shares of Philip Morris International by 8.2% during the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after acquiring an additional 110 shares in the last quarter. Raleigh Capital Management Inc. raised its position in Philip Morris International by 0.3% in the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after purchasing an additional 112 shares in the last quarter. Bluesphere Advisors LLC boosted its holdings in Philip Morris International by 0.7% during the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after purchasing an additional 113 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. grew its stake in shares of Philip Morris International by 0.4% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $105.50.

Insider Buying and Selling at Philip Morris International

In other news, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,250 shares of company stock worth $3,339,528. Insiders own 0.14% of the company’s stock.

Philip Morris International Trading Up 0.1 %

Shares of PM traded up $0.06 during trading hours on Tuesday, hitting $97.51. 3,960,335 shares of the stock traded hands, compared to its average volume of 5,724,651. The business has a fifty day moving average of $92.76 and a 200-day moving average of $92.38. The firm has a market capitalization of $151.59 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.70.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 101.56%.

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.