Kinsale Capital Group Inc. Purchases 3,874 Shares of Philip Morris International Inc. $PM

Kinsale Capital Group Inc. lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,597 shares of the company’s stock after purchasing an additional 3,874 shares during the period. Philip Morris International comprises approximately 2.5% of Kinsale Capital Group Inc.’s 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 institutional investors and hedge funds have also recently modified their holdings of PM. AG Campbell Advisory LLC acquired a new stake in Philip Morris International in the fourth quarter valued at $25,000. Portfolio Resources Advisor Group Inc. purchased a new stake in Philip Morris International during the 4th quarter worth about $26,000. Richards Merrill & Peterson Inc. purchased a new stake in Philip Morris International during the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. boosted its position in shares of Philip Morris International by 146.5% during the 1st quarter. Vermillion Wealth Management Inc. now owns 175 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

Philip Morris International Stock Up 1.5%

NYSE:PM opened at $192.72 on Friday. The stock’s 50 day moving average price is $182.37 and its 200 day moving average price is $174.38. The company has a market capitalization of $300.37 billion, a PE ratio of 27.11, a P/E/G ratio of 2.28 and a beta of 0.38. Philip Morris International Inc. has a 52-week low of $142.11 and a 52-week high of $194.62.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.83 by $0.13. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 8.37 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

About Philip Morris International

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.