Thrivent Financial for Lutherans Has $24.20 Million Stake in Philip Morris International Inc. $PM

Thrivent Financial for Lutherans trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 150,795 shares of the company’s stock after selling 3,013 shares during the period. Thrivent Financial for Lutherans’ holdings in Philip Morris International were worth $24,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC grew its stake in Philip Morris International by 96.5% in the 3rd quarter. Dogwood Wealth Management LLC now owns 167 shares of the company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new position in Philip Morris International in the 4th quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Philip Morris International during the third quarter worth approximately $32,000. McIlrath & Eck LLC bought a new position in shares of Philip Morris International during the second quarter worth approximately $36,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Philip Morris International during the third quarter worth approximately $33,000. 78.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PM has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. UBS Group dropped their target price on Philip Morris International from $181.50 to $168.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Morgan Stanley dropped their target price on Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $220.00 to $180.00 in a report on Tuesday, January 20th. Finally, Barclays reissued an “overweight” rating and issued a $205.00 price objective on shares of Philip Morris International in a report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.56.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $189.66 on Monday. The company has a market capitalization of $295.59 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.18 and a beta of 0.37. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $192.95. The business’s 50 day simple moving average is $166.78 and its 200 day simple moving average is $165.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $9.95 billion. During the same quarter last year, the business earned $1.69 earnings per share. Philip Morris International’s revenue was up 9.1% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 8.45 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Thursday, March 19th were given a $1.47 dividend. The ex-dividend date was Thursday, March 19th. This represents a $5.88 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s payout ratio is presently 82.70%.

Insider Activity at Philip Morris International

In other news, CFO Emmanuel Babeau sold 33,800 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer directly owned 164,463 shares in the company, valued at approximately $29,868,125.43. The trade was a 17.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacek Olczak sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the transaction, the chief executive officer owned 632,344 shares of the company’s stock, valued at $115,200,429.92. The trade was a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by insiders.

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.