Teamwork Financial Advisors LLC Boosts Holdings in Philip Morris International Inc. $PM

Key Points

• Teamwork Financial Advisors LLC increased its Philip Morris International stake by 2,662.6% in the second quarter, acquiring 63,317 additional shares and bringing its holdings to 65,695 shares valued at $11.9 million. Institutional investors collectively own 78.63% of the company.
• Analysts maintain a favorable outlook, with 10 Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $205.89.
• Philip Morris exceeded quarterly expectations with adjusted earnings of $2.20 per share and revenue of $11.19 billion, while revenue grew 10.4% year over year. The company also pays a quarterly dividend of $1.47 per share, equivalent to a 3.2% yield.

Teamwork Financial Advisors LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 2,662.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PM. Needham & Company LLC upped their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Citigroup boosted their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Bank of America reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Thursday, May 21st. 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 report on Wednesday, July 29th. Finally, UBS Group lifted their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.89.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $184.94 on Wednesday. The firm has a market capitalization of $288.25 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.36 and a beta of 0.37. The business has a 50 day simple moving average of $188.09 and a two-hundred day simple moving average of $178.76. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $207.76.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International's payout ratio is currently 84.48%.

Philip Morris International Company 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.

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