Philip Morris International Inc. (NYSE:PM) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 509,330 shares of the company’s stock after selling 99,699 shares during the period. Calamos Advisors LLC’s holdings in Philip Morris International were worth $61,298,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock valued at $1,121,932,000 after purchasing an additional 3,363,454 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Philip Morris International by 161.6% during the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock valued at $235,936,000 after purchasing an additional 1,200,636 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock valued at $142,467,000 after acquiring an additional 1,165,554 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Philip Morris International by 13,666.6% in the third quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock worth $121,367,000 after purchasing an additional 992,467 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Barclays reduced their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Finally, Citigroup boosted their target price on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Stock Performance

PM opened at $130.34 on Tuesday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The stock has a market capitalization of $202.65 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. The business’s 50-day simple moving average is $125.23 and its 200-day simple moving average is $123.08.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.14%. Philip Morris International’s payout ratio is currently 85.71%.

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.