Segment Wealth Management LLC Makes New $443,000 Investment in Philip Morris International Inc. (NYSE:PM)

Segment Wealth Management LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,788 shares of the company's stock, valued at approximately $443,000.

A number of other large investors also recently modified their holdings of the company. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares during the last quarter. Pacifica Partners Inc. lifted its position in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares in the last quarter. Knuff & Co LLC acquired a new position in Philip Morris International during the 4th quarter valued at about $36,000. Ball & Co Wealth Management Inc. bought a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter worth approximately $36,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Citigroup raised their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Needham & Company LLC started coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Down 0.2%

NYSE PM traded down $0.41 during trading hours on Tuesday, reaching $184.54. 3,184,155 shares of the company were exchanged, compared to its average volume of 5,616,711. The stock has a market capitalization of $287.24 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.66 and a beta of 0.52. Philip Morris International Inc. has a 1 year low of $99.86 and a 1 year high of $186.69. The business's 50 day simple moving average is $174.37 and its 200-day simple moving average is $151.65.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.93%. Philip Morris International's dividend payout ratio is presently 111.34%.

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.