Teamwork Financial Advisors LLC Sells 9,942 Shares of Philip Morris International Inc. (NYSE:PM)

Teamwork Financial Advisors LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 58.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,108 shares of the company’s stock after selling 9,942 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Philip Morris International were worth $651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Nova Scotia lifted its holdings in Philip Morris International by 283.5% in the fourth quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock valued at $111,583,000 after buying an additional 876,790 shares during the period. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after buying an additional 13,416 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in Philip Morris International in the 4th quarter valued at $1,251,000. Nebula Research & Development LLC bought a new position in Philip Morris International during the fourth quarter valued at about $857,000. Finally, AJOVista LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth approximately $137,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.2 %

NYSE:PM traded down $0.22 during mid-day trading on Thursday, hitting $101.42. 1,647,837 shares of the stock traded hands, compared to its average volume of 4,800,795. The company has a market cap of $157.66 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.09 and a beta of 0.58. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The business’s 50-day moving average price is $100.35 and its 200 day moving average price is $95.08.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be issued a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s payout ratio is 101.56%.

Insider Buying and Selling

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.22.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.