Thrivent Financial for Lutherans Reduces Position in Philip Morris International Inc. $PM

Thrivent Financial for Lutherans trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 153,808 shares of the company’s stock after selling 7,278 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Philip Morris International were worth $24,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PM. Legacy Investment Solutions LLC bought a new position in shares of Philip Morris International during the 2nd quarter valued at $25,000. Traub Capital Management LLC bought a new position in Philip Morris International in the second quarter valued at about $25,000. Marquette Asset Management LLC boosted its position in Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Briaud Financial Planning Inc grew its stake in shares of Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the period. Finally, Estabrook Capital Management purchased a new stake in shares of Philip Morris International during the 2nd quarter valued at about $30,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM stock opened at $179.91 on Tuesday. The company has a market capitalization of $280.05 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40. The company’s fifty day moving average price is $162.12 and its 200-day moving average price is $161.27. Philip Morris International Inc. has a one year low of $128.25 and a one year high of $186.69.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Thursday, January 22nd. Finally, Barclays decreased their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $184.56.

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.