BidaskClub Lowers Philip Morris International Inc (NYSE:PM) to Hold

Marco Green
August 10, 2017

JJJ Advisors Inc. raised its stake in shares of Philip Morris International by 0.9% in the first quarter. The stock declined 0.56% or $0.65 reaching $115.21 per share.

After a recent check, shares of Philip Morris International Inc. (NYSE:PM) has risen 16.65% since August 9, 2016 and is uptrending. It has underperformed by 0.05% the S&P500. Therefore 64% are positive. Valspar had 18 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned "Outperform" rating on Tuesday, March 8 by BNP Paribas. Investec maintained First Derivatives plc (LON:FDP) rating on Tuesday, January 12. (NYSE:ABC) on Thursday, September 17 to "Buy" rating. On Wednesday, November 11 the stock rating was maintained by Investec with "Buy". On Monday, June 5 the stock rating was maintained by RBC Capital Markets with "Hold". Of the 19 analysts surveyed by Reuters that track PM 9 of them rate its stock a hold. Eaton Vance Mngmt, a Massachusetts-based fund reported 1.10M shares. The company was upgraded on Monday, July 27 by TheStreet. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Doliver Capital Advisors Inc who had been investing in Invesco Advantage Municipal In for a number of months, seems to be less bullish one the $516.27M market cap company. The Firm provides residential loan services in the United States. It has a 20.08 P/E ratio. The Company's divisions include Managed Care, Life Insurance, and Property and Casualty Insurance. Endurant Capital Management Lp bought 13,575 shares as the company's stock declined 1.76% while stock markets rallied. The shares are at this time trading -3.64% less than its SMA 50 and 8.04% top of its SMA 200. It has underperformed by 86.29% the S&P500.

Investors of record on Friday, June 23rd were paid a $1.04 dividend. Its down 0.21, from 1.52 in 2016Q3. It worsened, as 7 investors sold RM shares while 33 reduced holdings. 52 funds opened positions while 104 raised stakes. (NYSE:PM). 81,209 were reported by Sky Invest Grp Ltd Liability. Advsrs Asset Management holds 0.01% or 10,314 shares in its portfolio. Savant Capital Lc holds 11,208 shares. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.09. (NYSE:PM). Cape Cod Five Cents Commercial Bank reported 10,426 shares. Eidelman Virant Cap owns 15,200 shares. 118,800 were reported by Quantitative Inv Mngmt Llc. Shares for $1.75 million were sold by FIRESTONE MARC S. Thomas J Herzfeld Advsr Incorporated holds 5,000 shares or 0.14% of its portfolio. 176 are owned by Tower Cap Limited Liability (Trc). Cibc Ww invested in 0.11% or 100,000 shares. Macquarie Group Inc Limited holds 435,462 shares. (NYSE:ABC) were released by: Marketwatch.com and their article: "AmerisourceBergen stock plummets 9% alongside other companies affected by ..." published on August 03, 2017 as well as Nasdaq.com's news article titled: "AmerisourceBergen Enters Oversold Territory" with publication date: August 03, 2017.

Since February 28, 2017, it had 0 insider purchases, and 14 insider sales for $15.45 million activity. 343 shares were sold by Dunn Michael R, worth $6,891. 60,000 shares were sold by CAMILLERI LOUIS C, worth $6.20M on Friday, February 17. CHAMPION MADELEINE L had sold 3,000 shares worth $173,550 on Tuesday, March 7. 35,000 shares were sold by CALANTZOPOULOS ANDRE, worth $3.59 million on Wednesday, February 15. The insider JORDAN BRUCE ALAN sold 2,584 shares worth $149,872.

Investors sentiment increased to 1.47 in 2016 Q4. Its the same as in 2016Q3.

Several other hedge funds and other institutional investors have also modified their holdings of PM. Security National owns 0.84% invested in Philip Morris International Inc. (NYSE:PM) for 325,786 shares. Tompkins Fincl reported 296 shares or 0.01% of all its holdings. Goldman Sachs upgraded Philip Morris International Inc.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, July 20th. The value of the investment in (PM) decreased from $33,536,000 to $30,265,000 a change of $3,271,000 quarter to quarter. Cordasco Financial Ntwk accumulated 410 shares. Clarivest Asset Mgmt Limited Liability Co accumulated 0.01% or 4,547 shares. Guardian Capital L P invested 0.1% in Philip Morris International Inc.

PM has been the subject of a number of recent analyst reports. (NYSE:PM). Commonwealth Of Pennsylvania Pub School Empls Retrmt invested in 88,931 shares or 0.15% of the stock. Vident Investment Advisory Ltd Liability Corporation reported 0.04% stake. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%.

Kempen Capital Management decreased Potash Corp Sask Inc Com (NYSE:POT) stake by 114,050 shares to 1.14M valued at $20.58M in 2016Q4. Cliftonlarsonallen Wealth Lc holds 10,022 shares or 0.1% of its portfolio. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/08/09/novare-capital-management-llc-lowers-stake-in-philip-morris-international-inc-nysepm-updated.html. Therefore 53% are positive. The company was upgraded on Tuesday, June 13 by JMP Securities. Goldman Sachs has "Buy" rating and $116 target. Below is a list of Philip Morris International Inc. (NYSE:PM) on Wednesday, September 21 with "Hold" rating. The rating was upgraded by Nomura on Monday, November 30 to "Neutral". (NYSE:PM) has "Hold" rating given on Thursday, April 21 by Societe Generale. The consensus analysts recommendation at this point stands at 2.50 for Philip Morris International Inc. Goldman Sachs maintained Philip Morris International Inc. (NYSE:PM) on Wednesday, January 4 to "Neutral" rating. The stock has an average rating of "Buy" and an average price target of $122.00. Jefferies has "Hold" rating and $96 target. Hospitality Prop Tr (NYSE:HPT) was raised too.

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