Teamwork Financial Advisors LLC Has $11.88 Million Stock Position in Philip Morris International Inc. $PM

Teamwork Financial Advisors LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 2,662.6% during the 2nd quarter, Holdings Channel reports. The firm owned 65,695 shares of the company’s stock after acquiring an additional 63,317 shares during the period. Teamwork Financial Advisors LLC’s holdings in Philip Morris International were worth $11,885,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. AG Campbell Advisory LLC bought a new stake in Philip Morris International in the fourth quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth $26,000. Vermillion Wealth Management Inc. boosted its position in shares of Philip Morris International by 146.5% during the first quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Philip Morris International in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PM shares. Morgan Stanley raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Stifel Nicolaus increased their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Bank of America reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, May 21st. Needham & Company LLC lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, UBS Group boosted their price objective on Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Stock Up 0.8%

Shares of NYSE:PM opened at $189.65 on Friday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The company’s fifty day simple moving average is $184.01 and its 200 day simple moving average is $177.42. The firm has a market cap of $295.58 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.27 and a beta of 0.38.

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

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 84.48%.

About Philip Morris International

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.