Calamos Wealth Management LLC Has $3.29 Million Holdings in Philip Morris International Inc. (PM)

Calamos Wealth Management LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 422.1% in the 1st quarter, HoldingsChannel reports. The fund owned 37,234 shares of the company’s stock after acquiring an additional 30,102 shares during the period. Calamos Wealth Management LLC’s holdings in Philip Morris International were worth $3,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Oregon Public Employees Retirement Fund grew its holdings in Philip Morris International by 6,541.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,319,091 shares of the company’s stock worth $170,000 after acquiring an additional 11,148,661 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Philip Morris International by 5.1% in the 4th quarter. BlackRock Inc. now owns 95,049,723 shares of the company’s stock valued at $6,345,520,000 after buying an additional 4,576,645 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Philip Morris International by 50.5% in the 4th quarter. Deutsche Bank AG now owns 11,054,233 shares of the company’s stock valued at $737,970,000 after buying an additional 3,710,763 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Philip Morris International by 168.1% in the 4th quarter. Two Sigma Advisers LP now owns 3,936,832 shares of the company’s stock valued at $262,823,000 after buying an additional 2,468,400 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in shares of Philip Morris International by 15.3% in the 4th quarter. Flossbach Von Storch AG now owns 18,204,516 shares of the company’s stock valued at $1,215,333,000 after buying an additional 2,419,260 shares in the last quarter. Institutional investors own 73.48% of the company’s stock.

Several brokerages have recently issued reports on PM. Zacks Investment Research upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Thursday, April 4th. Citigroup upped their target price on shares of Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, March 25th. UBS Group upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $101.00 in a report on Wednesday, February 27th. Jefferies Financial Group restated a “hold” rating and issued a $80.00 target price on shares of Philip Morris International in a report on Sunday, February 10th. Finally, Bank of America restated a “sell” rating and issued a $74.00 target price on shares of Philip Morris International in a report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Philip Morris International presently has an average rating of “Hold” and an average target price of $91.85.

PM stock opened at $83.59 on Friday. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $92.74. The firm has a market capitalization of $132.10 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 2.15 and a beta of 0.95.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. Philip Morris International’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that Philip Morris International Inc. will post 5.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were given a $1.14 dividend. The ex-dividend date was Monday, March 25th. This represents a $4.56 annualized dividend and a yield of 5.46%. Philip Morris International’s dividend payout ratio (DPR) is 89.41%.

In related news, insider Mario Masseroli sold 1,200 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $84.32, for a total value of $101,184.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the completion of the sale, the chief executive officer now owns 844,901 shares of the company’s stock, valued at approximately $71,613,808.76. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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