Kinsale Capital Group Inc. Boosts Stock Position in Philip Morris International Inc. $PM

Key Points

• Kinsale Capital Group increased its Philip Morris International stake by 10.2% in the second quarter, adding 9,708 shares to own 105,305 shares valued at approximately $19.1 million.
• Philip Morris reported stronger-than-expected quarterly results, with EPS of $2.20 and revenue of $11.19 billion, up 10.4% year over year. The company guided for third-quarter EPS of $2.20–$2.25.
• Philip Morris maintains a quarterly dividend of $1.47, equivalent to an annualized $5.88 payout and a 3.1% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $205.89.

Kinsale Capital Group Inc. grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,305 shares of the company's stock after acquiring an additional 9,708 shares during the quarter. Philip Morris International accounts for about 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital International Investors lifted its holdings 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 valued at $16,262,967,000 after purchasing an additional 12,227,004 shares in the last quarter. Capital Research Global Investors increased its stake in Philip Morris International by 25.3% during the 4th quarter. Capital Research Global Investors now owns 54,559,706 shares of the company's stock worth $8,751,407,000 after purchasing an additional 11,013,173 shares in the last quarter. Capital World Investors increased its stake in Philip Morris International by 2.8% during the 4th quarter. Capital World Investors now owns 132,355,726 shares of the company's stock worth $21,230,315,000 after purchasing an additional 3,579,399 shares in the last quarter. Bank of America Corp DE raised its holdings in Philip Morris International by 12.0% during the 1st quarter. Bank of America Corp DE now owns 17,230,669 shares of the company's stock worth $2,848,919,000 after buying an additional 1,847,421 shares during the period. Finally, Vanguard Group Inc. lifted its stake in 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 currently owned by institutional investors.

Philip Morris International Stock Up 0.0%

NYSE:PM opened at $190.40 on Monday. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $207.76. The business has a 50 day moving average price of $185.23 and a two-hundred day moving average price of $178.02. The company has a market cap of $296.76 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 2.30 and a beta of 0.38.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.15. Philip Morris International had a net margin of 11.06% and a negative return on equity of 163.41%. The company had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same period last year, the business earned $1.89 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. 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 fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were given a $1.47 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $5.88 dividend on an annualized basis and a yield of 3.1%. Philip Morris International's dividend payout ratio (DPR) is 84.48%.

Wall Street Analyst Weigh In

PM has been the subject of several research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Philip Morris International in a report on Wednesday, May 20th. Barclays raised their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Morgan Stanley upped 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. Needham & Company LLC increased their target price on Philip Morris International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Finally, BTIG Research set a $221.00 price target on Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $205.89.

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.

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