Philip Morris International Inc. $PM Holdings Lifted by Calamos Wealth Management LLC

Calamos Wealth Management LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 402.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,931 shares of the company’s stock after acquiring an additional 21,571 shares during the period. Calamos Wealth Management LLC’s holdings in Philip Morris International were worth $5,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. BlackRock Inc. increased its holdings in shares of 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 buying an additional 444,449 shares in the last quarter. State Street Corp grew its position in Philip Morris International by 1.0% during the 2nd quarter. State Street Corp now owns 55,569,994 shares of the company’s stock worth $10,134,454,000 after acquiring an additional 536,968 shares during the last quarter. GQG Partners LLC bought a new stake in Philip Morris International during the 2nd quarter worth $8,220,008,000. Wellington Management Group LLP increased its holdings 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 in the last quarter. Finally, Bank of America Corp DE raised its holdings in Philip Morris International by 12.0% in the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock valued at $2,848,919,000 after buying an additional 1,847,421 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent analyst reports. BTIG Research set a $221.00 price target on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. UBS Group upped their price target 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. Morgan Stanley raised their target price on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded Philip Morris International from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday. Finally, Argus increased their target price on shares of Philip Morris International from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.40.

Philip Morris International Stock Down 1.9%

Shares of Philip Morris International stock traded down $3.73 during trading 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 company has a market cap of $308.25 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.79 and a beta of 0.34. The firm’s 50-day moving average is $195.56 and its two-hundred day moving average is $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 announced its quarterly earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.06. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The company had revenue of $11.44 billion for the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter in the previous year, the company earned $2.24 earnings per share. Philip Morris International’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 8.32 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Friday, October 2nd were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, October 2nd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s dividend payout ratio (DPR) is presently 93.43%.

About Philip Morris International

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.