Cedar Rock Capital LTD Cut Stake in Philip Morris Intl INC (PM) as Share Value Rose

January 23, 2018 - By Dolores Ford

Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.09, from 0.88 in 2017Q2. It increased, as 55 investors sold PM shares while 524 reduced holdings. 112 funds opened positions while 452 raised stakes. 1.10 billion shares or 0.12% more from 1.10 billion shares in 2017Q2 were reported. Shamrock Asset Management Limited Co owns 371 shares for 0.03% of their portfolio. Carnegie Cap Asset Ltd Com holds 52,253 shares or 0.67% of its portfolio. Archford Strategies Ltd Liability has invested 1.08% in Philip Morris International Inc. (NYSE:PM). Cambridge Inv Rech Advisors has invested 0.21% of its portfolio in Philip Morris International Inc. (NYSE:PM). Pictet Cie (Europe), Luxembourg-based fund reported 7,761 shares. Reaves W H invested in 0.06% or 14,518 shares. Logan Capital Inc holds 155,838 shares or 1.24% of its portfolio. Huntington Bank & Trust holds 169,776 shares. Livingston Group Inc Asset (Operating As Southport Management) invested in 3,127 shares. Bainco International Investors holds 0.03% in Philip Morris International Inc. (NYSE:PM) or 1,910 shares. Balasa Dinverno Foltz Lc owns 3,097 shares. Pensionfund Dsm Netherlands reported 1.11% of its portfolio in Philip Morris International Inc. (NYSE:PM). Atria Invests Ltd Liability Corp reported 0.26% of its portfolio in Philip Morris International Inc. (NYSE:PM). Guardian Life Insur Communication Of America has 0.06% invested in Philip Morris International Inc. (NYSE:PM). Gw Henssler & Assoc Ltd stated it has 63,889 shares or 0.71% of all its holdings.

Since August 30, 2017, it had 0 insider buys, and 2 insider sales for $13.44 million activity. Shares for $1.62M were sold by Azinovic Drago on Wednesday, August 30.

Andy Brown decreased its stake in Philip Morris Intl Inc (PM) by 3.17% based on its latest 2017Q3 regulatory filing with the SEC. Cedar Rock Capital Ltd sold 354,198 shares as the company’s stock rose 10.69% with the market. The hedge fund run by Andy Brown held 10.80M shares of the farming and seeds and milling company at the end of 2017Q3, valued at $1.20B, down from 11.16 million at the end of the previous reported quarter. Cedar Rock Capital Ltd who had been investing in Philip Morris Intl Inc for a number of months, seems to be less bullish one the $169.00B market cap company. The stock decreased 0.10% or $0.11 during the last trading session, reaching $108.81. About 4.76M shares traded or 6.95% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since January 23, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on February, 1. They expect $1.36 EPS, up 23.64 % or $0.26 from last year’s $1.1 per share. PM’s profit will be $2.11B for 20.00 P/E if the $1.36 EPS becomes a reality. After $1.27 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 7.09 % EPS growth.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “There’s More to Philip Morris International’s No-Smoking Resolution Than …” on January 22, 2018, also Fool.com with their article: “Why 2017 Was a Year to Remember for Philip Morris International Inc.” published on December 28, 2017, Seekingalpha.com published: “Stocks To Watch: Earnings Season Hits Higher Gear” on January 20, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “Stats on Philip Morris International” published on January 07, 2018 as well as Seekingalpha.com‘s news article titled: “Philip Morris: Is It Time To Quit?” with publication date: January 11, 2018.

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

Among 19 analysts covering Philip Morris International (NYSE:PM), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Philip Morris International has $140.0 highest and $80 lowest target. $113.51’s average target is 4.32% above currents $108.81 stock price. Philip Morris International had 50 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was initiated by Citigroup with “Neutral” on Tuesday, September 13. The rating was maintained by Piper Jaffray on Thursday, January 11 with “Buy”. The stock has “Neutral” rating by Bank of America on Wednesday, January 4. Stifel Nicolaus maintained it with “Buy” rating and $13400 target in Monday, July 17 report. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Cowen & Co on Thursday, July 20. The stock has “Buy” rating by Cowen & Co on Monday, August 21. Piper Jaffray maintained the stock with “Buy” rating in Friday, October 13 report. Jefferies upgraded the stock to “Buy” rating in Friday, January 19 report. The firm has “Neutral” rating given on Friday, October 20 by Bank of America. The firm has “Hold” rating by Jefferies given on Friday, October 20.

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