Thrivent Financial for Lutherans Sells 3,013 Shares of Philip Morris International Inc. $PM

by · The Cerbat Gem

Thrivent Financial for Lutherans decreased its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PM. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after purchasing an additional 1,970 shares during the last quarter. Jump Financial LLC bought a new position in shares of Philip Morris International in the 2nd quarter worth $2,454,000. Finally, Osterweis Capital Management Inc. boosted its position in shares of Philip Morris International by 2,280.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock worth $65,000 after purchasing an additional 342 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup boosted their target price on Philip Morris International from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Stifel Nicolaus lowered their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Thursday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $205.00 price objective on shares of Philip Morris International in a research note on Monday, February 23rd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.56.

Check Out Our Latest Stock Report on PM

Insider Buying and Selling

In related news, CFO Emmanuel Babeau sold 33,800 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $181.61, for a total value of $6,138,418.00. Following the sale, the chief financial officer owned 164,463 shares of the company’s stock, valued at approximately $29,868,125.43. This trade represents 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 on Thursday, February 19th. The stock was sold at an average price of $182.18, for a total transaction of $14,574,400.00. Following the completion of the sale, the chief executive officer directly owned 632,344 shares in the company, valued at approximately $115,200,429.92. This represents a 11.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Price Performance

NYSE:PM opened at $189.66 on Monday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $192.95. The stock has a market capitalization of $295.59 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.37. 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 – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a net margin of 11.61% and a negative return on equity of 142.02%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 earnings per share. 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, research analysts expect that Philip Morris International Inc. will post 8.45 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Philip Morris International Company Profile

(Free Report)

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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