Philip Morris International Inc. $PM is Kinsale Capital Group Inc.’s 8th Largest Position

Kinsale Capital Group Inc. lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 95,597 shares of the company’s stock after buying an additional 3,874 shares during the quarter. Philip Morris International makes up approximately 2.5% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 8th largest position. Kinsale Capital Group Inc.’s holdings in Philip Morris International were worth $15,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PM. AG Campbell Advisory LLC purchased a new stake in Philip Morris International during the 4th quarter valued at approximately $25,000. Portfolio Resources Advisor Group Inc. acquired a new stake in Philip Morris International during the 4th quarter worth approximately $26,000. Richards Merrill & Peterson Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at approximately $28,000. Vermillion Wealth Management Inc. grew its stake in shares of Philip Morris International by 146.5% in the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

PM opened at $192.72 on Friday. Philip Morris International Inc. has a 12 month low of $142.11 and a 12 month high of $194.62. The stock has a market capitalization of $300.37 billion, a P/E ratio of 27.11, a P/E/G ratio of 2.28 and a beta of 0.38. The business has a 50 day simple moving average of $182.37 and a 200-day simple moving average of $174.38.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.Philip Morris International’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.69 earnings per share. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. Research analysts anticipate that Philip Morris International Inc. will post 8.37 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Thursday, June 25th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio is 82.70%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PM. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, May 20th. Morgan Stanley lifted their price objective on shares of Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of Philip Morris International in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus reduced their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $194.62.

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.