Martin Currie LTD Has Trimmed Its Philip Morris Intl INC (PM) Stake by $9.48 Million; Valuation Declined

June 14, 2018 - By Richard Conner

Philip Morris International Inc. (NYSE:PM) LogoInvestors sentiment decreased to 0.91 in Q1 2018. Its down 0.20, from 1.11 in 2017Q4. It worsened, as 61 investors sold PM shares while 545 reduced holdings. 126 funds opened positions while 427 raised stakes. 1.09 billion shares or 0.05% less from 1.09 billion shares in 2017Q4 were reported. Da Davidson & stated it has 55,952 shares. Adage Partners Gru Lc holds 0.48% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 2.08 million shares. Hollencrest Cap has 1.3% invested in Philip Morris International Inc. (NYSE:PM) for 100,116 shares. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma holds 0.95% or 524,882 shares in its portfolio. Pekin Singer Strauss Asset Mngmt Il has invested 0.11% of its portfolio in Philip Morris International Inc. (NYSE:PM). The Texas-based Salient Tru Lta has invested 1.42% in Philip Morris International Inc. (NYSE:PM). Savings Bank Pictet Cie (Asia) Limited, a Singapore-based fund reported 3,367 shares. Davis R M accumulated 9,991 shares. New England Private Wealth Advsrs Ltd Liability invested in 3,059 shares or 0.09% of the stock. Valmark Advisers stated it has 22,855 shares. Moreover, Addison Cap has 1.15% invested in Philip Morris International Inc. (NYSE:PM). M Hldg invested in 11,304 shares or 0.34% of the stock. Corda Mngmt Lc stated it has 0.57% in Philip Morris International Inc. (NYSE:PM). Ls Advisors Limited Liability Company stated it has 29,866 shares. California-based Lourd Capital Limited Company has invested 0.31% in Philip Morris International Inc. (NYSE:PM).

Since February 21, 2018, it had 4 buys, and 3 sales for $6.75 million activity. CALANTZOPOULOS ANDRE sold $5.08 million worth of stock. On Wednesday, February 21 the insider FIRESTONE MARC S sold $1.43M. 100,000 shares were sold by CAMILLERI LOUIS C, worth $8.21 million. Geissler Werner bought $3.97 million worth of stock. The insider Li Jennifer bought 40,000 shares worth $3.25 million. $489,360 worth of Philip Morris International Inc. (NYSE:PM) was bought by Zielinski Miroslaw.

Martin Currie Ltd decreased its stake in Philip Morris Intl Inc (PM) by 38.51% based on its latest 2018Q1 regulatory filing with the SEC. Martin Currie Ltd sold 95,808 shares as the company’s stock declined 24.69% with the market. The institutional investor held 152,956 shares of the farming and seeds and milling company at the end of 2018Q1, valued at $15.20M, down from 248,764 at the end of the previous reported quarter. Martin Currie Ltd who had been investing in Philip Morris Intl Inc for a number of months, seems to be less bullish one the $125.56B market cap company. The stock increased 0.84% or $0.67 during the last trading session, reaching $80.77. About 2.99M shares traded. Philip Morris International Inc. (NYSE:PM) has declined 32.76% since June 14, 2017 and is downtrending. It has underperformed by 45.33% the S&P500.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on July, 19. They expect $1.25 EPS, up 9.65 % or $0.11 from last year’s $1.14 per share. PM’s profit will be $1.94 billion for 16.15 P/E if the $1.25 EPS becomes a reality. After $1.00 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Investorplace.com which released: “4 Notable Dividend Increases From the Past Week” on June 11, 2018, also Fool.com with their article: “Better Buy: Philip Morris International vs. Altria” published on June 05, 2018, Seekingalpha.com published: “The Pain Of Philip Morris” on June 12, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “3 Reasons Philip Morris International Investors Should Be More Afraid Than Ever” published on June 01, 2018 as well as Seekingalpha.com‘s news article titled: “Philip Morris: Investors Are Ignoring This” with publication date: May 28, 2018.

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

Among 9 analysts covering Philip Morris (NYSE:PM), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Philip Morris had 16 analyst reports since January 10, 2018 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) earned “Overweight” rating by Morgan Stanley on Tuesday, January 30. The rating was maintained by Edward Jones on Thursday, April 19 with “Buy”. The rating was downgraded by Bank of America on Friday, April 20 to “Underperform”. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Piper Jaffray on Thursday, April 19. The rating was upgraded by Jefferies to “Buy” on Friday, January 19. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Friday, April 20 by Stifel Nicolaus. The rating was maintained by Cowen & Co with “Buy” on Friday, February 9. As per Friday, February 9, the company rating was maintained by Bank of America. Deutsche Bank maintained it with “Buy” rating and $100 target in Tuesday, April 24 report. As per Thursday, January 11, the company rating was maintained by Piper Jaffray.

Philip Morris International Inc. (NYSE:PM) Institutional Positions Chart

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