Calamos Advisors LLC Has $53.23 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Calamos Advisors LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 565,777 shares of the company’s stock after selling 3,725 shares during the quarter. Calamos Advisors LLC’s holdings in Philip Morris International were worth $53,228,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PM. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International during the third quarter valued at about $27,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Philip Morris International during the second quarter valued at about $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the fourth quarter valued at about $33,000. Legacy Financial Group LLC acquired a new stake in shares of Philip Morris International during the third quarter valued at about $37,000. Finally, Studio Investment Management LLC boosted its stake 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 valued at $43,000 after purchasing an additional 108 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Philip Morris International

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PM shares. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Argus restated 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 given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $105.40.

Philip Morris International Trading Up 0.7 %

NYSE PM traded up $0.62 on Thursday, hitting $91.20. The company’s stock had a trading volume of 4,041,587 shares, compared to its average volume of 5,475,415. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92. The company’s 50-day simple moving average is $91.07 and its 200 day simple moving average is $92.02. The firm has a market cap of $141.77 billion, a P/E ratio of 18.05, a PEG ratio of 1.87 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the business posted $1.39 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts forecast that Philip Morris International Inc. will post 6.37 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 103.59%.

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.