American Century Companies Inc. Has $83.64 Million Stock Holdings in Philip Morris International Inc. $PM

American Century Companies Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM) by 3,013.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,224 shares of the company’s stock after acquiring an additional 444,476 shares during the period. American Century Companies Inc.’s holdings in Philip Morris International were worth $83,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Philip Morris International during the second quarter worth $25,000. Traub Capital Management LLC bought a new stake in shares of Philip Morris International during the 2nd quarter worth about $25,000. Abound Wealth Management increased its holdings in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Briaud Financial Planning Inc increased its holdings in shares of Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International in the 1st quarter valued at approximately $30,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $157.62 on Wednesday. The stock has a market cap of $245.35 billion, a P/E ratio of 28.55, a PEG ratio of 1.78 and a beta of 0.43. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a fifty day moving average price of $156.09 and a 200 day moving average price of $167.00.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The company had revenue of $8.12 billion for the quarter. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $189.56.

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.