As Philip Morris Intl INC (PM) Stock Price Rose, Northern Trust Corp Increased Stake

July 17, 2017 - By Linda Rogers

Investors sentiment is 1.03 in 2016 Q4. Its the same as in 2016Q3. It is the same, as 90 investors sold PM shares while 466 reduced holdings. only 97 funds opened positions while 478 raised stakes. 1.08 billion shares or 1.57% more from 1.07 billion shares in 2016Q3 were reported. Northwestern Mutual Wealth reported 66,525 shares. Guggenheim Cap Ltd Liability Co invested in 985,592 shares or 0.26% of the stock. Westpac Bk Corporation reported 150,804 shares or 0% of all its holdings. Community Bank & Trust Na reported 7,785 shares stake. Sheets Smith Wealth has 7,687 shares. Fiduciary Tru stated it has 0.18% of its portfolio in Philip Morris International Inc. (NYSE:PM). Beese Fulmer Management Inc has 79,860 shares for 1.89% of their portfolio. Rodgers Brothers Incorporated reported 3,442 shares. Oakbrook Invests Lc holds 0.15% or 25,106 shares. 23,535 were accumulated by Invsts Asset Management Of Georgia Inc Ga Adv. King Luther Capital holds 13,061 shares. Kistler stated it has 14,833 shares. Catawba Capital Mgmt Va, Virginia-based fund reported 12,880 shares. Wellington Shields And reported 33,300 shares. Benedict Advisors accumulated 47,910 shares.

Since February 15, 2017, it had 0 insider buys, and 3 insider sales for $11.54 million activity. 60,000 Philip Morris International Inc. (NYSE:PM) shares with value of $6.20 million were sold by CAMILLERI LOUIS C. Shares for $3.59 million were sold by CALANTZOPOULOS ANDRE on Wednesday, February 15. FIRESTONE MARC S also sold $1.75 million worth of Philip Morris International Inc. (NYSE:PM) on Wednesday, February 15.

Northern Trust Corp increased its stake in Philip Morris Intl Inc (PM) by 1.76% based on its latest 2016Q4 regulatory filing with the SEC. Northern Trust Corp bought 318,076 shares as the company’s stock rose 10.69% with the market. The institutional investor held 18.34 million shares of the farming and seeds and milling company at the end of 2016Q4, valued at $1.68 billion, up from 18.02 million at the end of the previous reported quarter. Northern Trust Corp who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $187.48 billion market cap company. The stock declined 0.05% or $0.06 reaching $119.07 on the news. About 1.71M shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since July 17, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Northern Trust Corp, which manages about $326.04 billion US Long portfolio, decreased its stake in Agilent Technologies Inc (NYSE:A) by 97,388 shares to 3.63 million shares, valued at $165.32M in 2016Q4, according to the filing. It also reduced its holding in Extra Space Storage Inc (NYSE:EXR) by 53,105 shares in the quarter, leaving it with 1.80M shares, and cut its stake in Cerner Corp (NASDAQ:CERN).

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “3 Reasons Philip Morris International, Inc. Stock Could Fall” on June 30, 2017, also Reuters.com with their article: “Inside Philip Morris’ campaign to subvert the global anti-smoking treaty” published on July 13, 2017, Nasdaq.com published: “Iberiabank Corp Buys Consolidated Edison Inc, Philip Morris International Inc …” on July 11, 2017. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Seekingalpha.com and their article: “Philip Morris’s Future Looks Bright” published on July 07, 2017 as well as Seekingalpha.com‘s news article titled: “Heated Tobacco Will Drive Philip Morris Higher” with publication date: June 29, 2017.

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

Among 15 analysts covering Philip Morris International (NYSE:PM), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Philip Morris International had 28 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, January 4 by Bank of America. The rating was upgraded by Vetr on Monday, August 24 to “Buy”. On Monday, November 14 the stock rating was upgraded by CLSA to “Buy”. The rating was upgraded by Nomura on Monday, November 30 to “Neutral”. BNP Paribas upgraded Philip Morris International Inc. (NYSE:PM) on Tuesday, March 8 to “Outperform” rating. The rating was initiated by Jefferies with “Hold” on Wednesday, September 21. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, April 20. The firm has “Neutral” rating given on Tuesday, April 19 by JP Morgan. Bank of America upgraded Philip Morris International Inc. (NYSE:PM) on Thursday, March 24 to “Buy” rating. Goldman Sachs maintained the shares of PM in report on Monday, October 3 with “Buy” rating.

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