ACG Wealth Reduces Stake in Philip Morris International Inc. (PM)

Mae Love
January 13, 2018

Wedbush Securities Inc. now owns 18,832 shares of the company's stock valued at $2,212,000 after purchasing an additional 4,123 shares during the last quarter. The institutional investors in our partner's database now hold: 1.10 billion shares, up from 1.10 billion shares in 2017Q2. The stock has a market capitalization of $162,310.00, a price-to-earnings ratio of 23.07, a P/E/G ratio of 1.88 and a beta of 0.89. The stock decreased 0.73% or $0.77 during the last trading session, reaching $104.86. The hedge fund run by Fred Cummings held 530,454 shares of the major banks company at the end of 2017Q3, valued at $5.44M, up from 252,690 at the end of the previous reported quarter. Moreover, Fuller And Thaler Asset Mngmt has 0.01% invested in Philip Morris International Inc. (NYSE:PM) has risen 16.65% since January 12, 2017 and is uptrending. It has underperformed by 5.42% the S&P500.

Gluskin Sheff & Assoc Inc increased its stake in Extended Stay America Inc. Alps Advisors Inc. now owns 261,561 shares of the company's stock worth $26,606,000 after buying an additional 35,184 shares during the last quarter. The Janney Capital Management Llc holds 305,025 shares with $33.86M value, up from 232,254 last quarter. The business had revenue of $7.50 billion during the quarter, compared to the consensus estimate of $7.75 billion. The stock increased 0.44% or $0.08 during the last trading session, reaching $18.28. About 5.51 million shares traded or 24.08% up from the average. Extended Stay America, Inc. "But It's Just ..." on January 05, 2018, also Seekingalpha.com with their article: "Dividend Growth Machine For 2018" published on January 06, 2018, Nasdaq.com published: "Philip Morris International Inc (PM) Ex-Dividend Date Scheduled for December ..." on December 19, 2017. It has outperformed by 24.43% the S&P500. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Philip Morris International were worth $486,000 at the end of the most recent quarter. (NYSE:PM) for 1.81 million shares. The company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.38 by ($0.11). DRE's profit would be $107.83 million giving it 21.43 P/E if the $0.30 EPS is correct. During the same quarter last year, the business earned $1.25 EPS. analysts forecast that Philip Morris International Inc. will post 4.75 earnings per share for the current fiscal year. Zacks Investment Research lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Tuesday, November 15th.

Ratings analysis reveals 63% of Philip Morris International's analysts are positive. Piper Jaffray Companies reiterated an "overweight" rating and set a $137.00 price objective (up previously from $130.00) on shares of Philip Morris International in a report on Thursday. Jackson Grant Investment Advisers Inc. grew its position in Philip Morris International by 0.3% during the second quarter. (NYSE:PM) earned "Hold" rating by Jefferies on Friday, October 20. Jefferies has "Buy" rating and $16.0 target. The firm earned "Buy" rating on Monday, September 12 by Goldman Sachs. Goldman Sachs Group upgraded Philip Morris International from a "buy" rating to a "conviction-buy" rating and set a $135.00 price objective for the company in a report on Thursday, September 28th. British Airways Pensions Investment Management Ltd's holdings in Philip Morris International were worth $52,349,000 as of its most recent SEC filing. The rating was upgraded by Nomura on Monday, November 30 to "Neutral". The stock has "Buy" rating by Citigroup on Thursday, December 14. As per Thursday, July 20, the company rating was maintained by Cowen & Co.

Investors sentiment increased to 0.97 in 2017 Q3. Its down 0.06, from 1.3 in 2017Q2. It increased, as 55 investors sold PM shares while 524 reduced holdings. 112 funds opened positions while 452 raised stakes. Cedar Rock Ltd accumulated 10.80M shares. Annex Advisory Limited Liability Corporation reported 0.22% in Philip Morris International Inc. (NYSE:PM) by 10.4% in the third quarter, HoldingsChannel reports. Plancorp Ltd Liability holds 0.29% or 8,791 shares in its portfolio.

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The business services provider reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.37 by $0.15. Its up 0.03, from 0.98 in 2017Q2. 601.66 million shares or 1.15% less from 608.67 million shares in 2017Q2 were reported.

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Hence the difference between Predicted EPS and Actual EPS reported is $0.02/share which shows an Earnings Surprise of 6.1 Percent. Washington Tru National Bank has 824 shares for 0.01% of their portfolio. 9,135 are owned by Johnson Investment Counsel.

Nepsis Capital Management Inc decreased Realty Income Corp (NYSE:O) stake by 7,026 shares to 26,230 valued at $1.50 million in 2017Q3. Geode Management Ltd Liability Corporation reported 199,867 shares stake. Asset Management One Ltd holds 4.89 million shares or 0.55% of its portfolio. Bsw Wealth Prtn holds 0.09% or 1,815 shares in its portfolio. Contravisory Inv Management has invested 0% of its portfolio in Philip Morris International Inc. Moreover, Barnett Inc has 0.01% invested in Philip Morris International Inc.

Since August 30, 2017, it had 0 buys, and 2 selling transactions for $13.44 million activity. The insider CAMILLERI LOUIS C sold 108,979 shares worth $11.81M. Its up 0.09, from 0.88 in 2017Q2. It improved, as 67 investors sold ORCL shares while 498 reduced holdings. 66 funds opened positions while 110 raised stakes. Oppenheimer And reported 120,552 shares or 0.36% of all its holdings. Franklin Street Advisors Inc Nc has 284,835 shares. North Star Asset Mgmt Inc has invested 0.04% of its portfolio in SLM Corporation (NASDAQ:SLM). (NYSE:PM). Great Lakes Advisors Ltd, a Illinois-based fund reported 377,505 shares. King Luther Capital Mgmt invested in 0.01% or 11,046 shares. Com (PM) by 7.68% based on its latest 2017Q3 regulatory filing with the SEC.

Several brokerages have recently commented on PM. Barton Investment Mgmt holds 0.19% or 7,085 shares. Parametric Port Assoc Ltd Liability Co reported 0.01% stake. Oregon Public Employees Retirement Fund invested in 0.03% or 158,905 shares.

Philadelphia Financial Management Of San Francisco Llc decreased Slm Corp (SLM) stake by 37.28% reported in 2017Q3 SEC filing. Nmi Hldgs Inc (NASDAQ:NMIH) was raised too. It also upped Energy Transfer Equity LP (NYSE:ETE) stake by 17,894 shares and now owns 76,930 shares. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Therefore 91% are positive. Buckeye Technologies had 2 analyst reports since October 5, 2017 according to SRatingsIntel. The company was maintained on Wednesday, September 6 by Robert W. Baird. The firm earned "Hold" rating on Tuesday, June 20 by Jefferies. The firm has "Buy" rating by Wells Fargo given on Tuesday, October 10. The rating was maintained by Bank of America with "Buy" on Tuesday, December 12. Goldman Sachs has "Buy" rating and $135.0 target. The stock of Prologis, Inc.

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