By otakuyassine3@gmail.com 
Calamos Wealth Management LLC lowered its position in Philip Morris International Inc. (NYSE:PM – Free Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,756 shares of the company’s stock after selling 531 shares during the period. Calamos Wealth Management LLC’s holdings in Philip Morris International were worth $572,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. FMR LLC raised its holdings in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after buying an additional 6,721,094 shares during the period. Massachusetts Financial Services Co. MA raised its position in Philip Morris International by 57.2% in 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 lifted its stake in shares of Philip Morris International by 161.6% in the 3rd quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock worth $235,936,000 after acquiring an additional 1,200,636 shares during the period. Los Angeles Capital Management LLC raised its position 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 worth $142,467,000 after acquiring an additional 1,165,554 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Philip Morris International by 13,666.6% during the third quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock worth $121,367,000 after buying an additional 992,467 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.
Philip Morris International Stock Up 0.0 %
NYSE PM opened at $130.42 on Wednesday. The stock has a market capitalization of $202.78 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. The company has a 50 day moving average price of $125.22 and a two-hundred day moving average price of $123.24. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.
Philip Morris International Dividend Announcement
The business also recently announced 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 of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.14%. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Citigroup lifted their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Barclays decreased their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.35.
Read Our Latest Stock Report on Philip Morris International
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.
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