Philipmorrisint’linc. (PM) Share Value Rose While Fayez Sarofim & Company Lowered Its Position by $33.94 Million

July 18, 2017 - By Ellis Scott

Investors sentiment is 1.03 in Q4 2016. Its the same as in 2016Q3. It is the same, as 90 investors sold PM shares while 466 reduced holdings. only 97 funds opened positions while 478 raised stakes. 1.08 billion shares or 1.57% more from 1.07 billion shares in 2016Q3 were reported. Tennessee-based Wunderlich Capital Managemnt has invested 1.13% in Philip Morris International Inc. (NYSE:PM). Schaller Grp Inc has 0.41% invested in Philip Morris International Inc. (NYSE:PM). State Treasurer State Of Michigan owns 793,265 shares for 0.58% of their portfolio. Lodestar Counsel Ltd Liability Il holds 0.52% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 41,628 shares. Legacy Private Trust has invested 0.11% of its portfolio in Philip Morris International Inc. (NYSE:PM). Riverpoint Capital Mngmt Lc owns 11,764 shares or 0.08% of their US portfolio. Benjamin F Edwards holds 0.26% or 17,556 shares. Puplava Fincl Serv has invested 2.85% of its portfolio in Philip Morris International Inc. (NYSE:PM). Cape Ann National Bank holds 0.29% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 2,127 shares. Cordasco Fincl has 410 shares for 0.04% of their portfolio. 169,059 are held by Rnc Lc. Argi Invest Services Ltd Liability holds 0.1% or 12,723 shares. Cibc stated it has 0.1% of its portfolio in Philip Morris International Inc. (NYSE:PM). Eaton Vance Mgmt reported 1.10 million shares. Umb Savings Bank N A Mo holds 0.11% or 33,190 shares in its portfolio.

Since February 15, 2017, it had 0 insider buys, and 3 selling transactions for $11.54 million activity. Shares for $6.20 million were sold by CAMILLERI LOUIS C on Friday, February 17. $1.75 million worth of Philip Morris International Inc. (NYSE:PM) shares were sold by FIRESTONE MARC S. $3.59 million worth of Philip Morris International Inc. (NYSE:PM) was sold by CALANTZOPOULOS ANDRE.

Fayez Sarofim & Company decreased its stake in Philipmorrisint’linc. (PM) by 2.23% based on its latest 2016Q4 regulatory filing with the SEC. Fayez Sarofim & Company sold 372,966 shares as the company’s stock rose 10.69% with the market. The institutional investor held 16.34 million shares of the farming and seeds and milling company at the end of 2016Q4, valued at $1.49 billion, down from 16.71M at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Philipmorrisint’linc. for a number of months, seems to be less bullish one the $184.62 billion market cap company. The stock decreased 0.11% or $0.13 during the last trading session, reaching $119. About 12 shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since July 18, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Fayez Sarofim & Company, which manages about $31.66B and $18.20B US Long portfolio, upped its stake in Ralphlaurencorp. (NYSE:RL) by 100,500 shares to 121,860 shares, valued at $11.01 million in 2016Q4, according to the filing. It also increased its holding in Enterpriseproductspartnerslp(Mlp) (NYSE:EPD) by 237,981 shares in the quarter, for a total of 18.97M shares, and has risen its stake in Exxonmobilcorp (NYSE:XOM).

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “3 Reasons Philip Morris International, Inc. Stock Could Fall” on June 30, 2017, also Nasdaq.com with their article: “Iberiabank Corp Buys Consolidated Edison Inc, Philip Morris International Inc …” published on July 11, 2017, Businesswire.com published: “Philip Morris International Inc. to Host Webcast of 2017 Second-Quarter Results” on July 13, 2017. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “3 Reasons Philip Morris International, Inc. Stock Could Rise” published on June 25, 2017 as well as Seekingalpha.com‘s news article titled: “Philip Morris’s Future Looks Bright” with publication date: July 07, 2017.

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

Among 15 analysts covering Philip Morris International (NYSE:PM), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Philip Morris International has $135 highest and $80 lowest target. $104.89’s average target is -11.86% below currents $119 stock price. Philip Morris International had 28 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, April 20. The company was maintained on Tuesday, April 19 by JP Morgan. Jefferies initiated Philip Morris International Inc. (NYSE:PM) on Wednesday, September 21 with “Hold” rating. The firm has “Neutral” rating given on Tuesday, September 13 by Citigroup. Societe Generale upgraded it to “Hold” rating and $99 target in Thursday, April 21 report. The rating was downgraded by Bank of America to “Neutral” on Wednesday, January 4. The firm has “Buy” rating given on Thursday, March 24 by Bank of America. As per Tuesday, June 20, the company rating was maintained by Jefferies. The firm earned “Outperform” rating on Tuesday, March 8 by BNP Paribas. The stock of Philip Morris International Inc. (NYSE:PM) has “Overweight” rating given on Friday, June 17 by JP Morgan.

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