Calamos Advisors LLC Sells 99,699 Shares of Philip Morris International Inc. (NYSE:PM)

Calamos Advisors LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,330 shares of the company’s stock after selling 99,699 shares during the quarter. 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 added to or reduced their stakes in the company. Valley Wealth Managers Inc. increased its position in shares of Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC grew its stake in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. Concord Wealth Partners grew its holdings in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after acquiring an additional 147 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Philip Morris International during the third quarter valued at approximately $54,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Up 0.1 %

Philip Morris International stock opened at $130.34 on Tuesday. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The stock’s fifty day simple moving average is $125.23 and its 200-day simple moving average is $123.08. The firm has a market capitalization of $202.65 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.30 and a beta of 0.55.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders 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 dividend on an annualized basis and a yield of 4.14%. Philip Morris International’s payout ratio is currently 85.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group upped their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report 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 note on Wednesday, January 8th. Citigroup raised their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.35.

About Philip Morris International

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.