As Philip Morris International In (PM) Shares Rose, Shareholder Gardner Russo & Gardner LLC Decreased Its Holding

November 15, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.03, from 0.91 in 2017Q1. It worsened, as 53 investors sold PM shares while 558 reduced holdings. 118 funds opened positions while 421 raised stakes. 1.10 billion shares or 0.43% less from 1.10 billion shares in 2017Q1 were reported. Suntrust Banks invested in 1.24 million shares. Kentucky Retirement System Trust Fund has 42,536 shares for 0.89% of their portfolio. Cullen Capital Mngmt Ltd Liability Corp reported 2.06% of its portfolio in Philip Morris International Inc. (NYSE:PM). Cornerstone Management Limited Liability Company accumulated 0.56% or 605,005 shares. Cutter And Co Brokerage holds 0.24% or 5,294 shares. Pensionfund Dsm Netherlands holds 1.22% or 67,000 shares. Tnb Financial stated it has 0.59% of its portfolio in Philip Morris International Inc. (NYSE:PM). Hanson Mcclain invested 0.04% of its portfolio in Philip Morris International Inc. (NYSE:PM). Lee Danner Bass holds 0.98% or 74,250 shares in its portfolio. Virginia Retirement Systems Et Al reported 234,900 shares stake. Adirondack Trust, a New York-based fund reported 1,398 shares. Old Republic Corporation holds 2.18% in Philip Morris International Inc. (NYSE:PM) or 570,200 shares. First Finance Corporation In has invested 0.33% of its portfolio in Philip Morris International Inc. (NYSE:PM). Barrett Asset Lc has invested 0.13% of its portfolio in Philip Morris International Inc. (NYSE:PM). 11.16 million are held by Cedar Rock Cap Limited.

Tom Russo decreased its stake in Philip Morris International In (PM) by 1.21% based on its latest 2017Q2 regulatory filing with the SEC. Gardner Russo & Gardner Llc sold 124,523 shares as the company’s stock rose 10.69% with the market. The hedge fund run by Tom Russo held 10.19 million shares of the farming and seeds and milling company at the end of 2017Q2, valued at $1.20 billion, down from 10.31 million at the end of the previous reported quarter. Gardner Russo & Gardner Llc who had been investing in Philip Morris International In for a number of months, seems to be less bullish one the $158.02B market cap company. The stock declined 0.94% or $0.97 reaching $101.74 per share. About 445,942 shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since November 15, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Analysts expect Philip Morris International Inc. (NYSE:PM) to report $1.37 EPS on February, 1.They anticipate $0.27 EPS change or 24.55 % from last quarter’s $1.1 EPS. PM’s profit would be $2.13 billion giving it 18.56 P/E if the $1.37 EPS is correct. After having $1.27 EPS previously, Philip Morris International Inc.’s analysts see 7.87 % EPS growth.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris: Know When To Quit” on November 09, 2017, also Businesswire.com with their article: “Philip Morris International Inc. Presents at the Morgan Stanley Global …” published on November 14, 2017, Seekingalpha.com published: “Philip Morris: 4.00% Yield Again” on October 26, 2017. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “What Philip Morris International’s Latest iQOS Update Means for Investors” published on November 15, 2017 as well as Investorplace.com‘s news article titled: “Philip Morris International (PM) a Buy on Robust Quant Score” with publication date: November 13, 2017.

Philip Morris International Inc. (NYSE:PM) Ratings Coverage

Among 19 analysts covering Philip Morris International (NYSE:PM), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Philip Morris International had 46 analyst reports since August 24, 2015 according to SRatingsIntel. Wells Fargo maintained the shares of PM in report on Tuesday, October 10 with “Buy” rating. Jefferies maintained the stock with “Hold” rating in Friday, October 20 report. The firm has “Buy” rating by Bank of America given on Thursday, March 24. Jefferies maintained Philip Morris International Inc. (NYSE:PM) rating on Tuesday, June 20. Jefferies has “Hold” rating and $121 target. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Stifel Nicolaus on Monday, July 17. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Thursday, October 19 by Piper Jaffray. The firm earned “Hold” rating on Wednesday, October 5 by Jefferies. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Wednesday, July 20 by SBG Securities. On Thursday, April 21 the stock rating was upgraded by Societe Generale to “Hold”. As per Friday, October 20, the company rating was maintained by Cowen & Co.

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