Calamos Advisors LLC Sells 10,807 Shares of Philip Morris International Inc. $PM

Calamos Advisors LLC lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 564,386 shares of the company’s stock after selling 10,807 shares during the period. Calamos Advisors LLC’s holdings in Philip Morris International were worth $102,792,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WCM Investment Management LLC increased its holdings in shares of Philip Morris International by 24,968.0% during the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after acquiring an additional 11,230,626 shares during the last quarter. Nuveen LLC acquired a new position in shares of Philip Morris International in the first quarter valued at $1,712,994,000. Wellington Management Group LLP raised its position in shares of Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Philip Morris International by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Philip Morris International by 111.1% during the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock worth $473,660,000 after buying an additional 1,580,368 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.00.

Philip Morris International Price Performance

Philip Morris International stock opened at $155.55 on Thursday. The firm has a market cap of $242.14 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.27 and a beta of 0.43. The stock’s fifty day moving average price is $157.70 and its two-hundred day moving average price is $168.09. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were paid a dividend of $1.47 per share. The ex-dividend date was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. Philip Morris International’s dividend payout ratio is currently 106.52%.

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.