Mainstay Capital Management LLC ADV Buys 367 Shares of Philip Morris International Inc. (NYSE:PM)

Mainstay Capital Management LLC ADV lifted its stake in Philip Morris International Inc. (NYSE:PM) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,799 shares of the company’s stock after buying an additional 367 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Philip Morris International were worth $1,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Dakota Wealth Management raised its position in shares of Philip Morris International by 10.2% during the 3rd quarter. Dakota Wealth Management now owns 23,282 shares of the company’s stock valued at $2,827,000 after purchasing an additional 2,149 shares during the period. IFM Investors Pty Ltd raised its holdings in Philip Morris International by 0.4% during the third quarter. IFM Investors Pty Ltd now owns 251,741 shares of the company’s stock valued at $30,561,000 after acquiring an additional 1,026 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Philip Morris International by 16.2% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 638 shares of the company’s stock valued at $77,000 after acquiring an additional 89 shares in the last quarter. American Institute for Advanced Investment Management LLP purchased a new position in shares of Philip Morris International in the third quarter valued at about $213,000. Finally, Moody Aldrich Partners LLC boosted its stake in shares of Philip Morris International by 18.9% in the third quarter. Moody Aldrich Partners LLC now owns 3,225 shares of the company’s stock worth $392,000 after acquiring an additional 513 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $115.35, for a total value of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares of the company’s stock, valued at $9,877,305.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group boosted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a report on Wednesday. Citigroup raised their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group boosted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Barclays raised their price objective on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.85.

Philip Morris International Price Performance

Shares of NYSE PM opened at $132.79 on Friday. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $132.90. The business’s 50 day moving average is $121.97 and its two-hundred day moving average is $109.28. The stock has a market capitalization of $206.43 billion, a P/E ratio of 25.94, a PEG ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is 105.47%.

About Philip Morris International

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.