As Philip Morris Intl INC (PM) Valuation Rose, Retirement Systems Of Alabama Lifted Its Stake

June 20, 2017 - By reb123z

Investors sentiment is 1.03 in 2016 Q4. Its the same as in 2016Q3. It is without change, 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. State Of Tennessee Treasury Department has 595,901 shares. Bankshares reported 0.22% of its portfolio in Philip Morris International Inc. (NYSE:PM). 39,605 were accumulated by Reliance Of Delaware. Salem Investment Counselors Incorporated has invested 0.32% in Philip Morris International Inc. (NYSE:PM). Blackrock Ltd invested in 11.47 million shares. Jolley Asset Mgmt Ltd Limited Liability Company stated it has 2,404 shares. Metropolitan Life Com New York, New York-based fund reported 786,098 shares. Td Capital Mgmt Llc has 0.02% invested in Philip Morris International Inc. (NYSE:PM). Glg Prtnrs Limited Partnership holds 0.35% or 95,488 shares in its portfolio. Cognios Limited Co invested in 3.74% or 134,033 shares. Seaward Mngmt Ltd Partnership owns 0.04% invested in Philip Morris International Inc. (NYSE:PM) for 7,254 shares. Sigma Planning Corp holds 0.3% or 30,168 shares. Logan Incorporated holds 162,145 shares. Chickasaw Ltd Liability Corp accumulated 40,909 shares or 0.08% of the stock. Glenmede Co Na has 0.09% invested in Philip Morris International Inc. (NYSE:PM).

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

Retirement Systems Of Alabama increased its stake in Philip Morris Intl Inc (PM) by 21.34% based on its latest 2016Q4 regulatory filing with the SEC. Retirement Systems Of Alabama bought 189,147 shares as the company’s stock rose 10.69% with the market. The institutional investor held 1.08M shares of the farming and seeds and milling company at the end of 2016Q4, valued at $98.39M, up from 886,268 at the end of the previous reported quarter. Retirement Systems Of Alabama who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $193.07B market cap company. The stock rose 0.28% or $0.34 reaching $123.24 per share. About 1,920 shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since June 20, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Retirement Systems Of Alabama, which manages about $17.23B US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 56,559 shares to 1.83M shares, valued at $210.44M in 2016Q4, according to the filing. It also reduced its holding in F5 Networks Inc (NASDAQ:FFIV) by 37,111 shares in the quarter, leaving it with 31,864 shares, and cut its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA).

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris: Sit Back And Relax” on June 12, 2017, also Seekingalpha.com with their article: “Philip Morris: The Quest For A Smokeless Future” published on May 23, 2017, Fool.com published: “How Philip Morris International Makes Most of Its Money” on June 13, 2017. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Nasdaq.com and their article: “Philip Morris International Inc (PM) Ex-Dividend Date Scheduled for June 21, 2017” published on June 20, 2017 as well as Fool.com‘s news article titled: “How Risky Is Philip Morris International, Inc.?” with publication date: June 09, 2017.

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

Among 14 analysts covering Philip Morris International (NYSE:PM), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Philip Morris International had 26 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) has “Outperform” rating given on Tuesday, March 8 by BNP Paribas. The stock has “Hold” rating by SBG Securities on Wednesday, July 20. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Vetr on Monday, August 24. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Monday, November 14 by CLSA. Goldman Sachs maintained Philip Morris International Inc. (NYSE:PM) rating on Monday, October 3. Goldman Sachs has “Buy” rating and $116 target. The rating was maintained by JP Morgan on Tuesday, April 19 with “Neutral”. The firm has “Neutral” rating given on Tuesday, September 13 by Citigroup. JP Morgan upgraded the stock to “Overweight” rating in Friday, June 17 report. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Wednesday, October 5 by Jefferies. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Thursday, April 21 by Societe Generale.

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