Cullen Investment Group LTD. Buys Shares of 65,554 Philip Morris International Inc. $PM

Cullen Investment Group LTD. purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 4th quarter, HoldingsChannel reports. The firm purchased 65,554 shares of the company’s stock, valued at approximately $10,660,000. Philip Morris International accounts for about 1.4% of Cullen Investment Group LTD.’s portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Second Line Capital LLC increased its position in shares of Philip Morris International by 4.8% during the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock worth $245,000 after buying an additional 61 shares during the period. Meridian Wealth Partners LLC lifted its holdings in Philip Morris International by 3.1% in the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock valued at $375,000 after buying an additional 62 shares during the period. Bernardo Wealth Planning LLC boosted its position in Philip Morris International by 1.8% during the second quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock valued at $653,000 after acquiring an additional 62 shares during the last quarter. Nia Impact Advisors LLC boosted its position in Philip Morris International by 4.2% during the second quarter. Nia Impact Advisors LLC now owns 1,577 shares of the company’s stock valued at $287,000 after acquiring an additional 63 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management grew its holdings in Philip Morris International by 3.7% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,811 shares of the company’s stock worth $330,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.0%

Shares of NYSE PM opened at $165.46 on Thursday. The firm has a market capitalization of $257.57 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.87 and a beta of 0.38. The firm’s 50-day moving average price is $177.01 and its 200-day moving average price is $164.23. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $191.30.

Philip Morris International (NYSE:PM) last issued its earnings results on Friday, February 6th. The company reported $1.70 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $10.40 billion. During the same period last year, the business posted $1.55 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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 research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Thursday, March 19th will be issued a $1.47 dividend. The ex-dividend date is Thursday, March 19th. This represents a $5.88 annualized dividend and a yield of 3.6%. Philip Morris International’s dividend payout ratio is presently 80.88%.

Insider Buying and Selling

In other Philip Morris International 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 owned 632,344 shares of the company’s stock, valued at approximately $115,200,429.92. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Emmanuel Babeau sold 33,800 shares of the business’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 sale, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. This represents a 17.05% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating and set a $181.50 target price on shares of Philip Morris International in a research note on Monday, February 9th. Citigroup lifted their target price on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. dropped their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $196.83.

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.