Noble Wealth Partners LLC Invests $890,000 in Philip Morris International Inc. $PM

Noble Wealth Partners LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, Holdings Channel.com reports. The fund bought 4,920 shares of the company’s stock, valued at approximately $890,000.

A number of other large investors also recently bought and sold shares of PM. Rose Capital Advisors LLC purchased a new position in shares of Philip Morris International in the second quarter valued at approximately $278,000. Compass Financial Management LLC acquired a new position in Philip Morris International in the 2nd quarter valued at $376,000. NBH Bank purchased a new position in Philip Morris International in the 2nd quarter valued at $316,000. AlphaGrep UK Ltd purchased a new position in Philip Morris International in the 2nd quarter valued at $307,000. Finally, Shah Wealth Advisors LLC acquired a new stake in Philip Morris International during the 2nd quarter worth $1,266,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup increased their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley raised their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Barclays upped their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Needham & Company LLC lifted their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.89.

Philip Morris International Trading Down 2.0%

Shares of NYSE PM opened at $182.36 on Friday. The stock has a market capitalization of $284.23 billion, a PE ratio of 26.20, a PEG ratio of 2.36 and a beta of 0.37. The stock has a fifty day simple moving average of $188.02 and a 200-day simple moving average of $178.82. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.15. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. Philip Morris International has set its Q3 2026 guidance at 2.200-2.25 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio is 84.48%.

Philip Morris International 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.