Cullen Frost Bankers Inc. Purchases 4,954 Shares of Philip Morris International Inc. $PM

Cullen Frost Bankers Inc. boosted its position in Philip Morris International Inc. (NYSE:PM) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 283,375 shares of the company’s stock after acquiring an additional 4,954 shares during the period. Cullen Frost Bankers Inc.’s holdings in Philip Morris International were worth $45,453,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Fairtree Asset Management Pty Ltd purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $1,575,000. Jag Capital Management LLC grew its stake in shares of Philip Morris International by 1.8% during the fourth quarter. Jag Capital Management LLC now owns 5,945 shares of the company’s stock worth $954,000 after acquiring an additional 104 shares during the last quarter. Muirfield Wealth Advisors LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $350,000. Larson Financial Group LLC grew its stake in shares of Philip Morris International by 3.1% during the fourth quarter. Larson Financial Group LLC now owns 11,296 shares of the company’s stock worth $1,812,000 after acquiring an additional 340 shares during the last quarter. Finally, Hartford Funds Management Co LLC grew its stake in shares of Philip Morris International by 33.7% during the fourth quarter. Hartford Funds Management Co LLC now owns 18,245 shares of the company’s stock worth $2,927,000 after acquiring an additional 4,603 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price target on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Jefferies Financial Group lowered 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. 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, April 10th. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Barclays restated an “overweight” rating and set a $205.00 price target on shares of Philip Morris International in a research note on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.56.

Philip Morris International Stock Down 0.0%

Shares of NYSE PM opened at $191.47 on Wednesday. The business’s 50 day moving average price is $167.65 and its 200 day moving average price is $166.30. The firm has a market cap of $298.41 billion, a P/E ratio of 26.93, a P/E/G ratio of 2.20 and a beta of 0.37. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $193.05.

Philip Morris International (NYSE:PM) last issued its earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.69 earnings per share. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Thursday, March 19th were given a $1.47 dividend. The ex-dividend date was Thursday, March 19th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International’s dividend payout ratio is currently 82.70%.

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.