Thrivent Financial for Lutherans Decreases Stake in Philip Morris International Inc. $PM

Thrivent Financial for Lutherans lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 88.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,086 shares of the company’s stock after selling 1,236,735 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Philip Morris International were worth $29,333,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. MASTERINVEST Kapitalanlage GmbH purchased a new position in Philip Morris International in the 2nd quarter worth approximately $1,029,000. Fulcrum Equity Management purchased a new stake in shares of Philip Morris International in the second quarter valued at approximately $217,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $382,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $1,909,000. Finally, Cape Investment Advisory Inc. boosted its stake in Philip Morris International by 6.7% during the second quarter. Cape Investment Advisory Inc. now owns 3,728 shares of the company’s stock worth $679,000 after buying an additional 235 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of PM stock opened at $158.22 on Tuesday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The firm has a market cap of $246.29 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.83 and a beta of 0.42. The company has a 50-day moving average of $153.71 and a two-hundred day moving average of $165.02.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The firm had revenue of $8.12 billion for the quarter. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. Philip Morris International’s payout ratio is presently 106.52%.

Analyst Ratings Changes

A number of analysts have issued reports on PM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Barclays reduced their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Profile

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.