Kinsale Capital Group Inc. Grows Stake in Philip Morris International Inc. $PM

Kinsale Capital Group Inc. increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 10.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,305 shares of the company’s stock after acquiring an additional 9,708 shares during the period. Philip Morris International comprises approximately 2.5% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 6th largest holding. Kinsale Capital Group Inc.’s holdings in Philip Morris International were worth $19,051,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PM. Capital International Investors increased its position in shares of Philip Morris International by 13.7% during the 4th quarter. Capital International Investors now owns 101,377,875 shares of the company’s stock worth $16,262,967,000 after purchasing an additional 12,227,004 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Philip Morris International by 25.3% in the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company’s stock valued at $8,751,407,000 after buying an additional 11,013,173 shares during the last quarter. Capital World Investors boosted its holdings in shares of Philip Morris International by 2.8% in the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company’s stock valued at $21,230,315,000 after buying an additional 3,579,399 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Philip Morris International by 12.0% in the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company’s stock valued at $2,848,919,000 after buying an additional 1,847,421 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Philip Morris International by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 145,262,397 shares of the company’s stock valued at $23,300,088,000 after buying an additional 1,793,949 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.0%

Shares of NYSE PM opened at $190.40 on Monday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $207.76. The stock has a 50 day moving average of $185.23 and a 200-day moving average of $178.02. The company has a market capitalization of $296.76 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.30 and a beta of 0.38.

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

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, June 25th. Philip Morris International’s payout ratio is currently 84.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PM. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a report on Friday, July 24th. Citigroup increased their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays lifted their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed 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 stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $205.89.

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.