Kentucky Farm Bureau Mutual Insurance Co Takes Position in Philip Morris International Inc. $PM

Kentucky Farm Bureau Mutual Insurance Co purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 25,000 shares of the company’s stock, valued at approximately $4,523,000. Philip Morris International comprises 1.3% of Kentucky Farm Bureau Mutual Insurance Co’s portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AG Campbell Advisory LLC acquired a new position in Philip Morris International during the 4th quarter valued at about $25,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $26,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. grew 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 buying an additional 104 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Philip Morris International during the second quarter worth approximately $29,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.3%

NYSE:PM opened at $190.02 on Thursday. The firm has a market capitalization of $296.16 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38. The stock’s 50 day moving average price is $185.74 and its two-hundred day moving average price is $178.21. 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 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 firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The business’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. As a group, analysts anticipate that Philip Morris International Inc. will post 8.33 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Thursday, June 25th were given 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 was Thursday, June 25th. Philip Morris International’s payout ratio is presently 84.48%.

Wall Street Analysts Forecast Growth

PM has been the topic of several analyst reports. UBS Group increased their price objective on shares of Philip Morris International from $168.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Stifel Nicolaus upped their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citigroup increased their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley raised their price target on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price objective on Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.