Teacher Retirement System Of Texas Cut Its Philip Morris Intl INC (PM) Stake as Share Value Rose

January 15, 2018 - By Vivian Park

Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.09, from 0.88 in 2017Q2. It is positive, as 55 investors sold PM shares while 524 reduced holdings. 112 funds opened positions while 452 raised stakes. 1.10 billion shares or 0.12% more from 1.10 billion shares in 2017Q2 were reported. Kepos Cap L P, New York-based fund reported 28,971 shares. 126,719 are owned by Mufg Americas Hldg Corp. United Asset Strategies Inc reported 0.23% in Philip Morris International Inc. (NYSE:PM). Nwq Invest Mngmt Limited Com reported 42,125 shares. Country Club Tru Com Na invested in 0.08% or 4,935 shares. Buckhead Capital Management Ltd Limited Liability Company invested in 0.34% or 14,097 shares. 396,022 are held by Mackenzie Financial. Boys Arnold & Company Inc reported 44,444 shares. Fernwood Invest Limited Liability Corp invested in 1.88% or 27,042 shares. Advsrs Ltd Ltd Liability Company has invested 0.18% in Philip Morris International Inc. (NYSE:PM). Brown Brothers Harriman Communication reported 2.22M shares. Meritage Portfolio Mngmt invested in 54,468 shares or 0.59% of the stock. Next Fincl Grp holds 7,699 shares. Bp Public Limited Co accumulated 181,000 shares or 0.71% of the stock. First Fiduciary Counsel owns 93,109 shares or 1.89% of their US portfolio.

Since August 30, 2017, it had 0 insider purchases, and 2 selling transactions for $13.44 million activity. Shares for $1.62 million were sold by Azinovic Drago.

Teacher Retirement System Of Texas decreased its stake in Philip Morris Intl Inc (PM) by 3.28% based on its latest 2017Q3 regulatory filing with the SEC. Teacher Retirement System Of Texas sold 48,680 shares as the company’s stock rose 10.69% with the market. The institutional investor held 1.44M shares of the farming and seeds and milling company at the end of 2017Q3, valued at $159.34M, down from 1.48 million at the end of the previous reported quarter. Teacher Retirement System Of Texas who had been investing in Philip Morris Intl Inc for a number of months, seems to be less bullish one the $162.31B market cap company. The stock decreased 0.34% or $0.36 during the last trading session, reaching $104.5. About 5.51 million shares traded or 23.28% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since January 15, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Teacher Retirement System Of Texas, which manages about $16.26B US Long portfolio, upped its stake in Paypal Hldgs Inc by 109,681 shares to 661,322 shares, valued at $42.34M in 2017Q3, according to the filing. It also increased its holding in Mobile Telesystems Pjsc (NYSE:MBT) by 455,005 shares in the quarter, for a total of 965,158 shares, and has risen its stake in Select Energy Svcs Inc.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on February, 1. They expect $1.36 EPS, up 23.64 % or $0.26 from last year’s $1.1 per share. PM’s profit will be $2.11B for 19.21 P/E if the $1.36 EPS becomes a reality. After $1.27 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 7.09 % EPS growth.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Dividend Growth Machine For 2018” on January 06, 2018, also Fool.com with their article: “Better Buy: Procter & Gamble Company vs. Philip Morris International” published on January 03, 2018, Fool.com published: “Why 2017 Was a Year to Remember for Philip Morris International Inc.” on December 28, 2017. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “What? Philip Morris Wants Out of the Cigarette Business?” published on January 12, 2018 as well as Fortune.com‘s news article titled: “Commentary: Philip Morris Says It Wants to Quit Cigarettes. But It’s Just …” with publication date: January 05, 2018.

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

Among 19 analysts covering Philip Morris International (NYSE:PM), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Philip Morris International had 49 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Wednesday, January 4. Cowen & Co maintained Philip Morris International Inc. (NYSE:PM) on Friday, October 20 with “Buy” rating. The rating was initiated by Jefferies on Wednesday, September 21 with “Hold”. CLSA upgraded Philip Morris International Inc. (NYSE:PM) on Monday, November 14 to “Buy” rating. Wells Fargo maintained the stock with “Buy” rating in Tuesday, October 10 report. Piper Jaffray maintained the stock with “Buy” rating in Friday, October 13 report. The rating was upgraded by BNP Paribas on Tuesday, March 8 to “Outperform”. The rating was maintained by Piper Jaffray with “Buy” on Thursday, January 11. Jefferies maintained Philip Morris International Inc. (NYSE:PM) rating on Tuesday, September 26. Jefferies has “Hold” rating and $120.0 target. On Monday, October 3 the stock rating was maintained by Goldman Sachs with “Buy”.

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