Mainstay Capital Management LLC ADV Boosts Stake in Philip Morris International Inc. $PM

Key Points

• Mainstay Capital Management LLC ADV increased its stake in Philip Morris International Inc. by 94.0%, now owning 29,916 shares valued at approximately $5,449,000.
• The company recently announced a quarterly dividend increase from $1.35 to $1.47, representing an annualized yield of 3.8%.
• Philip Morris International's earnings per share (EPS) for the last quarter was $1.91, exceeding analyst expectations of $1.86, despite a slight revenue shortfall of $10.14 billion against estimates of $10.33 billion.

Mainstay Capital Management LLC ADV lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 94.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,916 shares of the company's stock after purchasing an additional 14,495 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Philip Morris International were worth $5,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFS Partners LLC boosted its holdings in shares of Philip Morris International by 24.8% during the second quarter. PFS Partners LLC now owns 292 shares of the company's stock worth $53,000 after purchasing an additional 58 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC increased its stake in shares of Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after acquiring an additional 61 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in shares of Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company's stock worth $1,032,000 after acquiring an additional 61 shares during the last quarter. Finally, NFP Retirement Inc. grew its holdings in Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company's stock valued at $411,000 after purchasing an additional 62 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

NYSE PM opened at $155.27 on Thursday. The company has a market capitalization of $241.69 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The company's fifty day moving average price is $164.43 and its two-hundred day moving average price is $168.58.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. The company's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 EPS. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a $1.47 dividend. This is a positive change from Philip Morris International's previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International's dividend payout ratio (DPR) is presently 111.79%.

Analyst Ratings Changes

PM has been the subject of several research reports. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an "outperform" rating for the company. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Barclays reduced their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.44.

Philip Morris International Company 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.

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