Published: Sun, October 22, 2017
Business | By Max Garcia

Philip Morris International Inc (PM) Receives "Hold" Rating from Jefferies Group LLC

Philip Morris International Inc (PM) Receives

Oakbrook Investments LLC now owns 78,406 shares of the company's stock worth $8,704,000 after purchasing an additional 11,700 shares during the period. The company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.11). Daiwa Grp Incorporated holds 0.05% of its portfolio in Philip Morris International Inc. The stock increased 1.27% or $1.37 on October 20, reaching $109.52. The hedge fund run by John Thiessen held 395,800 shares of the oil & gas production company at the end of 2017Q2, valued at $3.26 million, up from 345,800 at the end of the previous reported quarter. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since October 21, 2016 and is uptrending. The company has a market capitalization of $138.49 billion, a P/E ratio of 21.36 and a beta of 0.91.

Pacific Alternative Asset Management Company Llc increased Bankfinancial Corp (BFIN) stake by 27.94% reported in 2017Q2 SEC filing. Legal & General Group Plc now owns 7,422,457 shares of the company's stock valued at $871,687,000 after purchasing an additional 210,869 shares during the period.

In related news, insider Drago Azinovic sold 14,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. Flossbach Von Storch Ag who had been investing in Philip Morris Intl. for a number of months, seems to be bullish on the $170.11B market cap company. The stock decreased 2.07% or $0.21 on October 20, reaching $9.95. It has underperformed by 45.27% the S&P500.

Since May 1, 2017, it had 0 buys, and 7 sales for $1.01 million activity. (NYSE:PM). Employees Retirement Sys Of Texas holds 322,700 shares. Therefore 36% are positive. Twenty-First Century Fox Inc had 79 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has "Neutral" rating by Seaport Global given on Friday, May 13. The firm has "Hold" rating given on Wednesday, October 11 by KeyBanc Capital Markets. They now have a neutral rating on the stock.

Philip Morris International Inc (NYSE:PM) had its price objective decreased by Citigroup Inc. from $125.00 to $117.00 in a research note released on Friday. Jefferies maintained the shares of CPRT in report on Thursday, July 6 with "Hold" rating. The stock has "Hold" rating by Jefferies on Monday, January 18. Barclays Capital has "Equal-Weight" rating and $52 target. The stock of Copart, Inc. Jefferies maintained the shares of PM in report on Wednesday, October 5 with "Hold" rating. The company was maintained on Thursday, April 13 by Barclays Capital. EPS long term mean growth rate estimated by 4 analysts is at 10.63%, whereas, the high and low Long term growth rate estimated at 12 and 8.53. Announces Pricing of U.S. $750 Million of Senior Unsecured Notes ..." published on October 04, 2017 as well as Seekingalpha.com's news article titled: "Offshore Drilling Has Finally Bottomed. "Announces Third Quarter 2017 Earnings Release Date" published on October 12, 2017, Seekingalpha.com published: "Transocean - Is There Anything Wrong With This Move?" on October 19, 2017.

Investors sentiment decreased to 0.88 in Q2 2017. Its up 0.05, from 1.21 in 2017Q1.

A number of institutional investors have recently modified their holdings of PM. 118 funds opened positions while 421 raised stakes. (NYSE:VZ). Wells Fargo And Communications Mn has 29.81 million shares. Pnc Financial Services Group Inc., a Pennsylvania-based fund reported 255 shares. Balasa Dinverno & Foltz Lc holds 3,245 shares or 0.06% of its portfolio. Community Bank & Trust Na holds 0.1% or 7,760 shares in its portfolio. Trustco Bankshares Corp N Y has 29,148 shares for 1.29% of their portfolio. 4,712 were accumulated by Clarkston Prns Limited Liability Com. (NYSE:VZ) or 135,476 shares. Rbo Ltd Liability Corporation holds 177,417 shares or 5.63% of its portfolio. (NYSE:VZ) for 213,506 shares. Institutional investors own 72.00% of the company's stock. 18,368 were reported by Federated Invsts Pa. Aqr Cap Ltd Liability invested 0% in HSN, Inc. Sanctuary Wealth Advsr Limited Liability Corp holds 600 shares or 0.06% of its portfolio. Shayne And Limited holds 10,099 shares. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share. Therefore 58% are positive.

In addition to Societe Generale reporting its target price, a total of 15 firms have reported on Philip Morris International. The original version of this article can be read at https://stocknewstimes.com/2017/10/21/philip-morris-international-inc-pm-upgraded-to-buy-at-societe-generale.html. TheStreet raised Philip Morris International from a c+ rating to a b- rating in a report on Thursday, July 20th. The firm has "Neutral" rating given on Monday, March 21 by Bank of America. (NASDAQ:HSNI) earned "Buy" rating by Wunderlich on Tuesday, November 1. The company was maintained on Tuesday, September 26 by Jefferies. As per Thursday, March 24, the company rating was upgraded by Bank of America. (NYSE:PM) earned "Buy" rating by Vetr on Monday, August 24.

Philip Morris expects full-year earnings to be $4.75 to $4.80 per share. Farmers And Merchants Invests stated it has 0.03% in Philip Morris International Inc. (NYSE:PM). The Maine-based Spinnaker Trust has invested 0.28% in Philip Morris International Inc.

Caz Investments Lp, which manages about $304.25 million and $123.90 million US Long portfolio, upped its stake in Spdr S&P500 Tr Put Opt205.0000 (Put) (SPY) by 130,000 shares to 247,000 shares, valued at $59.73 million in 2017Q2, according to the filing.

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