Teachers Retirement System Of The State Of Kentucky Has Increased Its Position in Philip Morris Intl INC (PM) by $40.37 Million

November 14, 2017 - By Ellis Scott

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.03, from 0.91 in 2017Q1. It turned negative, 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. Carlson Cap Management invested in 3,497 shares. Trust Commerce Of Oklahoma holds 11,285 shares or 0% of its portfolio. Princeton Strategies Lc has invested 0.42% in Philip Morris International Inc. (NYSE:PM). 10,625 were accumulated by Flippin Bruce & Porter. Guggenheim Cap Ltd Liability Corp stated it has 765,616 shares. Dearborn Prns Ltd Liability invested 0.07% in Philip Morris International Inc. (NYSE:PM). Axa has 450,055 shares for 0.24% of their portfolio. The Switzerland-based Swiss Comml Bank has invested 0.82% in Philip Morris International Inc. (NYSE:PM). Huber Cap Management Ltd Llc holds 1.56% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 260,446 shares. Callahan Advsr Limited Company holds 0.16% or 6,177 shares in its portfolio. Heritage Wealth Advsr has 4.3% invested in Philip Morris International Inc. (NYSE:PM). Endurance Wealth invested in 0.26% or 13,080 shares. Wunderlich Capital Managemnt has 1.28% invested in Philip Morris International Inc. (NYSE:PM). Macroview Management Ltd Liability Corporation reported 0.29% of its portfolio in Philip Morris International Inc. (NYSE:PM). Moreover, Forte Cap Limited Liability Company Adv has 0.24% invested in Philip Morris International Inc. (NYSE:PM) for 6,190 shares.

Teachers Retirement System Of The State Of Kentucky increased its stake in Philip Morris Intl Inc (PM) by 216.67% based on its latest 2017Q2 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky bought 345,049 shares as the company’s stock rose 10.69% with the market. The institutional investor held 504,299 shares of the farming and seeds and milling company at the end of 2017Q2, valued at $59.23M, up from 159,250 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $160.07 billion market cap company. The stock declined 0.48% or $0.5 reaching $103.06 on the news. About 270,299 shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since November 14, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Teachers Retirement System Of The State Of Kentucky, which manages about $7.99B US Long portfolio, decreased its stake in Intuit Inc (NASDAQ:INTU) by 445,947 shares to 99,840 shares, valued at $13.26M in 2017Q2, according to the filing. It also reduced its holding in Assurant Inc (NYSE:AIZ) by 120,700 shares in the quarter, leaving it with 153,900 shares, and cut its stake in Intuitive Surgical Inc (NASDAQ:ISRG).

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris: Look Out” on October 23, 2017, also Businesswire.com with their article: “Philip Morris International Inc. to Webcast Presentation at the Morgan Stanley …” published on November 07, 2017, Investorplace.com published: “Philip Morris International (PM) a Buy on Robust Quant Score” on November 13, 2017. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Cnbc.com and their article: “Philip Morris outlines its plan for IQOS’ introduction in the US” published on November 02, 2017 as well as Seekingalpha.com‘s news article titled: “Philip Morris’s IQOS Technology Is Smoking Hot” with publication date: October 31, 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 has $140.0 highest and $80 lowest target. $113.92’s average target is 10.54% above currents $103.06 stock price. Philip Morris International had 46 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Stifel Nicolaus on Thursday, August 31. The rating was maintained by Bank of America on Friday, October 20 with “Neutral”. The firm has “Overweight” rating by JP Morgan given on Friday, June 17. Jefferies initiated the stock with “Hold” rating in Wednesday, September 21 report. As per Wednesday, April 20, the company rating was maintained by Goldman Sachs. The firm has “Buy” rating given on Thursday, September 28 by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, January 4 by Bank of America. Piper Jaffray maintained Philip Morris International Inc. (NYSE:PM) on Thursday, October 19 with “Buy” rating. As per Wednesday, October 5, the company rating was maintained by Jefferies. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Friday, October 20 by Cowen & Co.

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