Spears Abacus Advisors LLC Lowers Stake in Philip Morris International Inc (PM)

Lloyd Doyle
January 9, 2018

The fund owned 276,877 shares of the company's stock after selling 3,836 shares during the quarter. The institutional investor held 118,848 shares of the major banks company at the end of 2017Q3, valued at $644,000, up from 42,075 at the end of the previous reported quarter. Brookstone Capital Management who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $161.75 billion market cap company.

In other news, Chairman Louis C. Camilleri sold 108,979 shares of the firm's stock in a transaction on Tuesday, October 24th. About 4.91M shares traded or 12.20% up from the average. Atlas Brown Inc. raised its position in Philip Morris International by 11.2% in the second quarter. Polaris Industries Inc. (PII) has risen 5.51% since January 9, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Arvest Trust Company increased its stake in Wal (WMT) by 38.12% based on its latest 2017Q3 regulatory filing with the SEC. The Company's products are sold in over 180 markets. The company reported $1.27 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.11). Arvest Trust Company who had been investing in Wal for a number of months, seems to be bullish on the $298.52B market cap company.

The stock increased 2.24% or $2.81 during the last trading session, reaching $128. About 42.91 million shares traded. (NYSE:T) to report earnings on January, 24. It has underperformed by 2.87% the S&P500. It also increased its holding in Alexander & Baldwin Hldgs (NYSE:ALEX) by 7,014 shares in the quarter, for a total of 1.11 million shares, and has risen its stake in Drive Shack Inc. The stock of Philip Morris International Inc. Guidant Wealth Advisors boosted its stake in shares of Philip Morris International by 25.5% during the 2nd quarter. They expect $0.65 EPS, down 1.52% or $0.01 from last year's $0.66 per share. After $1.27 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 7.09% EPS growth.

Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.09, from 0.88 in 2017Q2.

Want to see what other hedge funds are holding PM? 112 funds opened positions while 452 raised stakes. Metropolitan Life Insur owns 9.32 million shares for 1.48% of their portfolio. Great Lakes Advsr Ltd reported 377,505 shares or 0.99% of all its holdings. The insider Azinovic Drago sold 14,000 shares worth $1.62 million. Moreover, Punch And Associates Investment Mngmt has 0.02% invested in Philip Morris International Inc. Zacks Investment Research raised Philip Morris International from a "sell" rating to a "hold" rating in a research report on Monday, October 30th. Citigroup Inc. reaffirmed a "buy" rating on shares of Philip Morris International in a research note on Wednesday. Farmers And Merchants Invs Inc stated it has 254,029 shares or 0.51% of all its holdings. (NYSE:PM). First Midwest Bankshares Tru Division holds 0.4% or 29,634 shares in its portfolio. (NYSE:PM). Janney Capital Mngmt Limited Liability Company holds 1.46% or 305,025 shares. Philip Morris International had 47 analyst reports since August 24, 2015 according to SRatingsIntel. Ironwood Invest Counsel Ltd Liability holds 0.51% or 49,258 shares in its portfolio. Cipher Capital LP has 81,704 shares. Chesley Taft And Assocs Ltd Liability Co holds 122,888 shares. Reynders Mcveigh Cap Mgmt has 0.03% invested in Philip Morris International Inc.


Philip Morris International (NYSE:PM) last released its earnings results on Thursday, October 19th. Therefore 63% are positive. Bank of America had 101 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Roth Capital given on Thursday, September 1. Cowen & Co maintained the stock with "Buy" rating in Friday, October 20 report. As per Monday, September 12, the company rating was upgraded by Goldman Sachs. Stockholders of record on Thursday, December 21st will be paid a dividend of $1.07 per share. The stock of Philip Morris International Inc. (NYSE:PM) opened at $104.14 on Tuesday. (NYSE:PM) has "Neutral" rating given on Tuesday, April 19 by JP Morgan. The company was maintained on Monday, October 16 by Nomura. The firm has "Sector Perform" rating by RBC Capital Markets given on Tuesday, September 13. (NYSE:PII) earned "Neutral" rating by Northcoast on Wednesday, August 31. The company maintains price to book ratio of 2.34 vs.an industry average at 1.90. Philip Morris Intl Inc now has $163.14 billion valuation.

Investors sentiment decreased to 1.04 in Q3 2017.

Other large investors have also made changes to their positions in the company. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported. The stock of Rambus Inc. Lipe Dalton owns 774 shares or 0.06% of their U.S. portfolio. (NASDAQ:RMBS). Ameritas Invest Ptnrs holds 0.01% in Rambus Inc. (NYSE:T) for 31,711 shares. Cutter & Communications Brokerage stated it has 5,103 shares or 0.22% of all its holdings. Dearborn Prtn Ltd Liability Corporation holds 0.07% or 8,567 shares in its portfolio. (NYSE:PM). 21,068 are owned by Wedgewood Investors Inc Pa. (NYSE:WMT). 107,641 were accumulated by Financial Advantage. Deutsche Savings Bank Ag holds 0.01% of its portfolio in Rambus Inc. Kistler reported 13,956 shares or 0.65% of all its holdings. First Dallas Securities owns 9,255 shares or 0.5% of their USA portfolio. Central Financial Bank And Trust reported 6,109 shares or 0.17% of all its holdings. STARK LAURA sold $41,900 worth of Rambus Inc. (NYSE:T) has "Outperform" rating given on Saturday, September 5 by Oppenheimer. $62.26M worth of stock was sold by WALTON S ROBSON on Wednesday, August 23. (NYSE:T). Trust Of Oklahoma has 13,049 shares. Therefore 46% are positive.

Analysts await AT&T Inc. The average analysts gave this company a mean recommendation of 2.40. As per Friday, August 11, the company rating was upgraded by SBG Securities. The company was maintained on Friday, October 13 by Piper Jaffray. The stock of Wal-Mart Stores, Inc. As per Monday, September 12, the company rating was downgraded by KeyBanc Capital Markets. Stifel Nicolaus maintained Wal-Mart Stores, Inc. Rating Scale: 1.0 represent "Strong Buy" and 2.0 signify "Buy" 3.0 while shows "Hold". The firm earned "Outperform" rating on Tuesday, March 8 by BNP Paribas. Wells Fargo maintained AT&T Inc.

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