American Century Companies Inc. Grows Stock Holdings in Philip Morris International Inc. $PM

American Century Companies Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,748 shares of the company’s stock after buying an additional 323 shares during the period. American Century Companies Inc.’s holdings in Philip Morris International were worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC boosted its holdings in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after buying an additional 60 shares in the last quarter. TBH Global Asset Management LLC raised its position in Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock worth $1,100,000 after acquiring an additional 61 shares during the last quarter. NFP Retirement Inc. raised its position in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after acquiring an additional 62 shares during the last quarter. Capital Advisors Wealth Management LLC raised its position in Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company’s stock worth $477,000 after acquiring an additional 63 shares during the last quarter. Finally, Renasant Bank raised its position in Philip Morris International by 3.3% during the first quarter. Renasant Bank now owns 1,994 shares of the company’s stock worth $317,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. Citigroup restated an “overweight” rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.27.

Philip Morris International Stock Up 0.8%

Philip Morris International stock opened at $167.15 on Monday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The firm has a fifty day moving average of $172.04 and a 200-day moving average of $166.99. The firm has a market capitalization of $260.18 billion, a P/E ratio of 31.78, a PEG ratio of 2.43 and a beta of 0.49.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. On average, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is presently 102.66%.

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.