Philip Morris International I (PM) Shares Declined While Chesley Taft & Associates LLC Has Cut by $4.66 Million Its Holding

September 14, 2018 - By Megan Stone

Philip Morris International Inc. (NYSE:PM) LogoInvestors sentiment decreased to 0.81 in 2018 Q2. Its down 0.10, from 0.91 in 2018Q1. It turned negative, as 108 investors sold PM shares while 528 reduced holdings. 108 funds opened positions while 408 raised stakes. 1.09 billion shares or 0.28% less from 1.09 billion shares in 2018Q1 were reported. Smith Chas P & Assoc Pa Cpas reported 205,694 shares. Spinnaker holds 0.13% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 14,573 shares. Horizon Kinetics Limited Liability Corp reported 30,407 shares or 0.06% of all its holdings. Mogy Joel R Counsel owns 50,575 shares. Boston reported 320,754 shares. 6,537 are held by Manchester Cap Ltd Limited Liability Company. Falcon Edge Cap LP stated it has 3.8% in Philip Morris International Inc. (NYSE:PM). Metropolitan Life Co New York has invested 0% of its portfolio in Philip Morris International Inc. (NYSE:PM). Webster National Bank & Trust N A stated it has 0.09% in Philip Morris International Inc. (NYSE:PM). Investec Asset Mngmt Ltd has 2.43 million shares. Fulton Breakefield Broenniman Llc stated it has 0.35% of its portfolio in Philip Morris International Inc. (NYSE:PM). Abner Herrman And Brock Limited Liability Corp has invested 1.22% of its portfolio in Philip Morris International Inc. (NYSE:PM). Amer Assets Investment Mngmt Lc has invested 0.14% in Philip Morris International Inc. (NYSE:PM). Utah Retirement owns 287,762 shares for 0.48% of their portfolio. Fiera owns 66,345 shares for 0.02% of their portfolio.

Since April 25, 2018, it had 4 insider purchases, and 1 insider sale for $246,215 activity. CAMILLERI LOUIS C also sold $8.21 million worth of Philip Morris International Inc. (NYSE:PM) on Wednesday, May 9. Zielinski Miroslaw also bought $489,360 worth of Philip Morris International Inc. (NYSE:PM) shares. The insider Geissler Werner bought 48,750 shares worth $3.97M. On Wednesday, April 25 Whitson Jerry bought $248,282 worth of Philip Morris International Inc. (NYSE:PM) or 3,000 shares.

Chesley Taft & Associates Llc decreased its stake in Philip Morris International I (PM) by 72.02% based on its latest 2018Q2 regulatory filing with the SEC. Chesley Taft & Associates Llc sold 58,276 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 22,641 shares of the farming and seeds and milling company at the end of 2018Q2, valued at $1.83M, down from 80,917 at the end of the previous reported quarter. Chesley Taft & Associates Llc who had been investing in Philip Morris International I for a number of months, seems to be less bullish one the $122.89B market cap company. The stock decreased 0.91% or $0.73 during the last trading session, reaching $79.05. About 1.65 million shares traded. Philip Morris International Inc. (NYSE:PM) has declined 31.61% since September 14, 2017 and is downtrending. It has underperformed by 47.23% the S&P500.

Chesley Taft & Associates Llc, which manages about $1.37 billion and $1.16B US Long portfolio, upped its stake in Nvidia Corporation (NASDAQ:NVDA) by 17,638 shares to 25,995 shares, valued at $6.16M in 2018Q2, according to the filing.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on October, 18. They expect $1.29 EPS, up 1.57 % or $0.02 from last year’s $1.27 per share. PM’s profit will be $2.01B for 15.32 P/E if the $1.29 EPS becomes a reality. After $1.41 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -8.51 % negative EPS growth.

More important recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris’ Yield Hits All-Time-Highs” on September 07, 2018, also Seekingalpha.com published article titled: “Philip Morris: Shares Remain Under Pressure”, Seekingalpha.com published: “Will Philip Morris Bounce?” on August 17, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) was released by: Forbes.com and their article: “Can Philip Morris Improve iQOS’ Performance This Year?” with publication date: September 13, 2018.

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

Among 11 analysts covering Philip Morris (NYSE:PM), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Philip Morris had 15 analyst reports since April 10, 2018 according to SRatingsIntel. As per Friday, July 20, the company rating was maintained by Citigroup. Morgan Stanley maintained Philip Morris International Inc. (NYSE:PM) on Tuesday, July 17 with “Overweight” rating. The company was upgraded on Wednesday, July 25 by Argus Research. The firm has “Buy” rating given on Thursday, April 19 by Edward Jones. Jefferies downgraded it to “Hold” rating and $80 target in Friday, August 24 report. The firm earned “Buy” rating on Friday, May 18 by Stifel Nicolaus. The stock has “Buy” rating by Deutsche Bank on Tuesday, April 10. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Stifel Nicolaus on Friday, April 20. The rating was maintained by Stifel Nicolaus on Friday, July 20 with “Buy”. The stock has “Buy” rating by Cowen & Co on Thursday, April 19.

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

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