49,080 Philip Morris International Inc. $PM Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Philip Morris International Inc. (NYSE:PM) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 630,905 shares of the company’s stock after acquiring an additional 49,080 shares during the quarter. Calamos Advisors LLC’s holdings in Philip Morris International were worth $120,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PM. BlackRock Inc. increased its position in Philip Morris International by 0.4% during the second quarter. BlackRock Inc. now owns 108,039,522 shares of the company’s stock worth $19,545,430,000 after acquiring an additional 444,449 shares during the period. State Street Corp boosted its holdings in Philip Morris International by 1.0% in the 2nd quarter. State Street Corp now owns 55,569,994 shares of the company’s stock valued at $10,134,454,000 after purchasing an additional 536,968 shares during the period. GQG Partners LLC bought a new stake in Philip Morris International in the 2nd quarter valued at $8,220,008,000. Wellington Management Group LLP grew its position in Philip Morris International by 3.9% in the 2nd quarter. Wellington Management Group LLP now owns 17,506,171 shares of the company’s stock worth $3,167,041,000 after purchasing an additional 650,587 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in Philip Morris International in the 2nd quarter worth $3,075,267,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 1.9%

NYSE PM traded down $3.73 on Friday, reaching $197.76. The company’s stock had a trading volume of 5,637,781 shares, compared to its average volume of 4,641,165. The firm has a market cap of $308.25 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.79 and a beta of 0.34. The business has a 50-day moving average price of $195.56 and a 200 day moving average price of $182.81. Philip Morris International Inc. has a 52 week low of $146.35 and a 52 week high of $214.35.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.06. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $11.32 billion. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.24 earnings per share. Analysts anticipate that Philip Morris International Inc. will post 8.32 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, October 2nd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s payout ratio is currently 93.43%.

Wall Street Analyst Weigh In

PM has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Philip Morris International from $193.00 to $201.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. Needham & Company LLC lifted their target price on Philip Morris International from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Citigroup boosted their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley upped their price target on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Argus raised their price objective on Philip Morris International from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.40.

Philip Morris International Company Profile

Philip Morris International is a global tobacco and nicotine company that develops, manufactures and sells cigarettes and smoke-free products. Its cigarette brands include Marlboro in markets outside the United States, along with other regional and international brands.

The company’s smoke-free portfolio includes IQOS heated tobacco products, ZYN nicotine pouches and VEEV e-vapor products. Philip Morris International sells its products in markets around the world, with availability varying by country and subject to local regulations.

Philip Morris International became an independent publicly traded company in 2008 after separating from Altria Group.