Kinsale Capital Group Inc. Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Kinsale Capital Group Inc. raised its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,551 shares of the company's stock after purchasing an additional 6,943 shares during the period. Philip Morris International accounts for approximately 2.2% of Kinsale Capital Group Inc.'s holdings, making the stock its 13th biggest position. Kinsale Capital Group Inc.'s holdings in Philip Morris International were worth $8,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV increased its holdings in shares of Philip Morris International by 3.2% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company's stock valued at $302,000 after purchasing an additional 78 shares during the period. Intergy Private Wealth LLC boosted its stake in shares of Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company's stock worth $236,000 after acquiring an additional 80 shares in the last quarter. BKM Wealth Management LLC grew its holdings in shares of Philip Morris International by 3.4% in the 4th quarter. BKM Wealth Management LLC now owns 2,479 shares of the company's stock worth $298,000 after acquiring an additional 81 shares during the last quarter. Wealthstream Advisors Inc. increased its stake in Philip Morris International by 3.4% in the 4th quarter. Wealthstream Advisors Inc. now owns 2,464 shares of the company's stock worth $297,000 after purchasing an additional 82 shares in the last quarter. Finally, 49 Wealth Management LLC boosted its holdings in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company's stock worth $295,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.5 %

PM traded down $0.73 during trading hours on Wednesday, hitting $153.22. 4,238,102 shares of the company's stock were exchanged, compared to its average volume of 5,165,023. The stock has a market cap of $238.23 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The stock's 50-day moving average is $134.22 and its two-hundred day moving average is $128.43.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, December 26th. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Analyst Ratings Changes

PM has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective for the company. StockNews.com downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.56.

Insider Activity at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the sale, the chairman now directly owns 561,349 shares in the company, valued at approximately $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emmanuel Babeau sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $148.85, for a total value of $4,465,500.00. Following the transaction, the chief financial officer now directly owns 139,105 shares in the company, valued at approximately $20,705,779.25. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,143 shares of company stock valued at $19,092,846. 0.13% of the stock is owned by insiders.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.