Teamwork Financial Advisors LLC Buys 63,317 Shares of Philip Morris International Inc. $PM

Teamwork Financial Advisors LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 2,662.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,695 shares of the company’s stock after purchasing an additional 63,317 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Philip Morris International were worth $11,885,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Philip Morris International by 30.9% in the second quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after acquiring an additional 2,755,662 shares during the period. Global Retirement Partners LLC increased its position in Philip Morris International by 40.3% during the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after purchasing an additional 19,309 shares during the period. Perennial Investment Advisors LLC purchased a new position in Philip Morris International during the 2nd quarter valued at about $505,000. New York Life Investment Management LLC raised its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock valued at $34,745,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Addison Capital Co raised its holdings in shares of Philip Morris International by 32.5% in the 1st quarter. Addison Capital Co now owns 31,779 shares of the company’s stock valued at $5,254,000 after purchasing an additional 7,793 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PM. Barclays increased their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Needham & Company LLC boosted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. UBS Group upped their target price on Philip Morris International from $168.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Monday, August 17th. Finally, Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $205.89.

Philip Morris International Price Performance

Shares of PM stock opened at $184.94 on Wednesday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $207.76. The stock’s fifty day moving average price is $188.09 and its 200 day moving average price is $178.76. The company has a market cap of $288.25 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a negative return on equity of 163.41% and a net margin of 11.06%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 84.48%.

Philip Morris International Profile

Philip Morris International Inc is a global tobacco and nicotine company headquartered in Stamford, Connecticut. The company develops, manufactures and markets cigarettes, smoke-free products, nicotine products and related consumer offerings in markets around the world.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M and Chesterfield. PMI is also expanding beyond traditional cigarettes through heated-tobacco products, including IQOS, e-vapor products such as VEEV, and oral nicotine products including ZYN, which became part of the company’s portfolio following its acquisition of Swedish Match.

Philip Morris International was established as an independent company in 2008 after being separated from Altria Group, whose U.S.