Cullen Frost Bankers Inc. Grows Stock Position in Philip Morris International Inc. (NYSE:PM)

Cullen Frost Bankers Inc. increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 311,505 shares of the company’s stock after purchasing an additional 4,531 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Philip Morris International were worth $29,306,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Calamos Wealth Management LLC boosted its stake in Philip Morris International by 3.5% during the third quarter. Calamos Wealth Management LLC now owns 9,389 shares of the company’s stock worth $869,000 after buying an additional 320 shares during the last quarter. Cambridge Trust Co. boosted its position in shares of Philip Morris International by 23.8% during the 3rd quarter. Cambridge Trust Co. now owns 2,712 shares of the company’s stock valued at $251,000 after acquiring an additional 522 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in shares of Philip Morris International by 9.1% in the third quarter. Waldron Private Wealth LLC now owns 14,427 shares of the company’s stock valued at $1,353,000 after purchasing an additional 1,208 shares during the period. Foyston Gordon & Payne Inc increased its position in Philip Morris International by 8.5% during the third quarter. Foyston Gordon & Payne Inc now owns 199,720 shares of the company’s stock worth $18,490,000 after purchasing an additional 15,601 shares during the last quarter. Finally, Advisor Partners II LLC raised its stake in Philip Morris International by 28.2% during the third quarter. Advisor Partners II LLC now owns 62,107 shares of the company’s stock worth $5,750,000 after purchasing an additional 13,668 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.1 %

PM traded up $0.06 during trading hours on Tuesday, hitting $97.51. 3,960,335 shares of the company’s stock were exchanged, compared to its average volume of 5,724,651. The firm has a market cap of $151.59 billion, a P/E 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 12-month low of $87.23 and a 12-month high of $100.70. The firm has a 50 day moving average of $92.76 and a 200 day moving average of $92.38.

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

Philip Morris International Dividend Announcement

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

Insider Transactions at Philip Morris International

In related news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,250 shares of company stock valued at $3,339,528. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Philip Morris International Company 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.