CLSA Analysts Reduce Earnings Estimates for Philip Morris International Inc (PM)

Kenny Tucker
January 13, 2018

Finally, Mountain Capital Investment Advisors Inc acquired a new position in Philip Morris International during the 2nd quarter worth $145,000. The stock increased 0.36% or $0.38 during the last trading session, reaching $106.01. The company saw 3.02 million shares trade hands over the course of the day. (NYSE:PM) news were published by: Businessinsider.com which released: "The maker of Marlboro took out a full-page ad saying its New Year's resolution ..." on January 03, 2018, also Seekingalpha.com with their article: "Philip Morris: Is It Time To Quit?" published on January 11, 2018, Nasdaq.com published: "Philip Morris International Inc (PM) Ex-Dividend Date Scheduled for December ..." on December 19, 2017. It has outperformed by 25.59% the S&P500.

Pinebridge Investments Lp decreased its stake in Philip Morris Intl Inc Com (PM) by 18.32% based on its latest 2017Q3 regulatory filing with the SEC. The Murphy Capital Management Inc holds 27,654 shares with $3.07 million value, up from 24,638 last quarter. The institutional investor held 663,482 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $73.65 million, down from 705,125 at the end of the previous reported quarter. Nli International Inc who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $164.07 billion market cap company. The stock increased 0.72% or $0.75 during the last trading session, reaching $104.89. Bremer Association holds 0.69% of its portfolio in Philip Morris International Inc. (NASDAQ:BECN) has risen 17.34% since January 10, 2017 and is uptrending. It also reduced its holding in Winnebago Inds Inc (NYSE:WGO) by 60,998 shares in the quarter, leaving it with 83,687 shares, and cut its stake in Biotelemetry Inc (NASDAQ:BEAT).

Investors sentiment decreased to 1.25 in 2017 Q3. Its up 0.09, from 0.88 in 2017Q2. It increased, as 10 investors sold NPO shares while 45 reduced holdings.

Westport Asset Management Inc holds 8.72% of its portfolio in Universal Health Services, Inc. for 119,661 shares. Fishman Jay A Ltd Mi accumulated 8,077 shares. Us Bank De reported 0% stake. Bouchey Fincl Limited invested in 0.15% or 4,323 shares. Credit Suisse Ag stated it has 0% of its portfolio in HubSpot, Inc. (NYSE:NPO). 253,756 are owned by Cramer Rosenthal Mcglynn Ltd Llc. Symmetry Peak Management Llc owns 36,673 shares for 0.35% of their portfolio. Lipe & Dalton has 774 shares for 0.06% of their portfolio. Investors of record on Thursday, December 21st will be paid a dividend of $1.07 per share. 21,393 are held by Sei Co. (NYSE:HUBS). Geode Management Lc owns 0.01% invested in HubSpot, Inc. (NYSE:PM). Paragon Mgmt has 2,702 shares for 0.12% of their portfolio. Societe Generale raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, October 20th. Therefore 83% are positive. Beacon Roofing Supply had 42 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has "Neutral" rating by Goldman Sachs given on Wednesday, April 20. The stock of EnPro Industries, Inc. The firm has "Buy" rating by Stifel Nicolaus given on Monday, July 17. Glassman Wealth Services now owns 1,000 shares of the company's stock worth $102,000 after buying an additional 4 shares during the period.

Since August 7, 2017, it had 0 buys, and 2 selling transactions for $2.11 million activity. Cowen & Co maintained Philip Morris International Inc.

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Philip Morris International Inc.by far traveled 16.58% versus a 1-year low price of $89.97. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.11).

Monarch Partners Asset Management Llc, which manages about $275.92 million and $1.04 billion US Long portfolio, decreased its stake in Student Transn Inc (NASDAQ:STB) by 71,915 shares to 448,394 shares, valued at $2.68M in 2017Q3, according to the filing. Philip Morris International Inc. Philip Morris International's revenue was up 7.4% compared to the same quarter last year. research analysts forecast that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year. Therefore 63% are positive. Finally, Jefferies Group reaffirmed a "hold" rating and issued a $120.00 price objective on shares of Philip Morris International in a report on Thursday, September 28th. Citigroup maintained the shares of PM in report on Friday, October 20 with "Neutral" rating.

Analysts await Philip Morris International Inc. Jefferies has "Hold" rating and $96 target. The firm earned "Buy" rating on Thursday, March 24 by Bank of America. The rating was maintained by Piper Jaffray with "Buy" on Friday, August 18. The firm earned "Neutral" rating on Monday, November 30 by Nomura. As per Friday, October 20, the company rating was maintained by Cowen & Co. Jefferies maintained Philip Morris International Inc. On Wednesday, August 30 the insider Azinovic Drago sold $1.62 million.

Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.24, from 0.86 in 2017Q2. Acropolis Investment Management LLC raised its position in shares of Philip Morris International by 0.5% in the 2nd quarter. Commonwealth Of Pennsylvania Pub School Empls Retrmt, a Pennsylvania-based fund reported 126,312 shares. City Hldg Co, West Virginia-based fund reported 6,316 shares. Bailard Incorporated accumulated 4,149 shares or 0.04% of the stock. Keating Investment Counselors owns 76,202 shares for 3.68% of their portfolio. Moreover, Centurylink Inv Mngmt has 0.51% invested in Philip Morris International Inc. (NYSE:PM). Acg Wealth owns 14,573 shares. BlackRock Inc. increased its stake in shares of Philip Morris International by 2.7% in the 2nd quarter.

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