Calamos Advisors LLC Purchases 33,203 Shares of Philip Morris International Inc. $PM

Calamos Advisors LLC grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 592,924 shares of the company’s stock after buying an additional 33,203 shares during the quarter. Calamos Advisors LLC’s holdings in Philip Morris International were worth $98,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AG Campbell Advisory LLC purchased a new position in Philip Morris International in the fourth quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. purchased a new position in shares of Philip Morris International in the fourth quarter valued at $26,000. Richards Merrill & Peterson Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at about $28,000. Vermillion Wealth Management Inc. increased its holdings in Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Philip Morris International in the fourth quarter worth $29,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM stock opened at $180.32 on Tuesday. The company has a market capitalization of $281.04 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.14 and a beta of 0.38. The company’s 50-day moving average is $181.21 and its 200 day moving average is $173.83. Philip Morris International Inc. has a one year low of $142.11 and a one year high of $193.05.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the prior year, the firm posted $1.69 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 8.39 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 25th. Philip Morris International’s payout ratio is presently 82.70%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Stifel Nicolaus decreased their price target on Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Morgan Stanley upped their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Needham & Company LLC restated a “buy” rating and set a $200.00 target price on shares of Philip Morris International in a report on Thursday, April 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.62.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.