Mainstay Capital Management LLC ADV Invests $1.24 Million in Philip Morris International Inc. (NYSE:PM)

Mainstay Capital Management LLC ADV acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,170 shares of the company's stock, valued at approximately $1,239,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Studio Investment Management LLC increased its holdings in shares of Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company's stock worth $43,000 after buying an additional 108 shares in the last quarter. PFG Investments LLC increased its holdings in shares of Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company's stock valued at $560,000 after purchasing an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV increased its holdings in shares of Philip Morris International by 3.8% in the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company's stock valued at $277,000 after purchasing an additional 110 shares in the last quarter. CGC Financial Services LLC increased its holdings in shares of Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company's stock valued at $137,000 after purchasing an additional 110 shares in the last quarter. Finally, Corrigan Financial Inc. increased its holdings in shares of Philip Morris International by 2.5% in the second quarter. Corrigan Financial Inc. now owns 4,602 shares of the company's stock valued at $449,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

PM traded down $0.62 during trading on Friday, reaching $89.48. 5,117,130 shares of the company's stock were exchanged, compared to its average volume of 6,317,615. The company's fifty day moving average price is $91.41 and its 200-day moving average price is $92.24. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92. The firm has a market capitalization of $139.10 billion, a PE ratio of 17.82, a P/E/G ratio of 2.03 and a beta of 0.61.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the firm earned $1.39 EPS. Philip Morris International's quarterly revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Wednesday, March 20th. Philip Morris International's dividend payout ratio (DPR) is 103.59%.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company's stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold 15,250 shares of company stock valued at $1,411,128 in the last quarter. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group lowered shares of Philip Morris International from a "buy" rating to a "sell" rating and lowered their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale raised shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 price target for the company in a report on Tuesday, February 13th. Finally, Argus reissued a "hold" rating on shares of Philip Morris International in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of "Hold" and a consensus price target of $105.40.

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.