Adell Harriman & Carpenter Position in Philip Morris Intl (PM) Lowered by $32.53 Million as Market Valuation Rose; Highland Capital Management LP Has Boosted Its Citigroup (Call) (C) Stake by $14.04 Million

February 22, 2018 - By Darrin Black

Adell Harriman & Carpenter Inc decreased its stake in Philip Morris Intl Inc (PM) by 9.45% based on its latest 2017Q3 regulatory filing with the SEC. Adell Harriman & Carpenter Inc sold 293 shares as the company’s stock rose 10.69% with the market. The institutional investor held 2,807 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $311.62M, down from 3,100 at the end of the previous reported quarter. Adell Harriman & Carpenter Inc who had been investing in Philip Morris Intl Inc for a number of months, seems to be less bullish one the $161.94B market cap company. The stock increased 0.52% or $0.54 during the last trading session, reaching $104.26. About 981,284 shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since February 22, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

James Dondero increased its stake in Citigroup Inc (Call) (C) by 20.1% based on its latest 2017Q3 regulatory filing with the SEC. Highland Capital Management Lp bought 195,000 shares as the company’s stock rose 1.55% with the market. The hedge fund run by James Dondero held 1.17 million shares of the major banks company at the end of 2017Q3, valued at $84.74M, up from 970,000 at the end of the previous reported quarter. Highland Capital Management Lp who had been investing in Citigroup Inc (Call) for a number of months, seems to be bullish on the $196.72B market cap company. The stock decreased 0.58% or $0.45 during the last trading session, reaching $76.55. About 3.35 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 22, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 116 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Atlantic Securities on Wednesday, December 21. The rating was maintained by BMO Capital Markets with “Buy” on Friday, July 14. The firm earned “Buy” rating on Friday, December 11 by Citigroup. Keefe Bruyette & Woods downgraded Citigroup Inc. (NYSE:C) on Tuesday, January 16 to “Hold” rating. As per Monday, July 17, the company rating was maintained by Nomura. The firm earned “Overweight” rating on Monday, November 14 by Morgan Stanley. Goldman Sachs downgraded Citigroup Inc. (NYSE:C) rating on Friday, September 16. Goldman Sachs has “Neutral” rating and $50 target. On Tuesday, January 16 the stock rating was maintained by Sandler O’Neill with “Buy”. The stock of Citigroup Inc. (NYSE:C) earned “Overweight” rating by JP Morgan on Thursday, April 7. KeyBanc Capital Markets downgraded Citigroup Inc. (NYSE:C) on Tuesday, January 5 to “Sector Weight” rating.

Highland Capital Management Lp, which manages about $15.04 billion and $2.27 billion US Long portfolio, decreased its stake in American Airls Group Inc (NASDAQ:AAL) by 2.02 million shares to 413,175 shares, valued at $19.62 million in 2017Q3, according to the filing. It also reduced its holding in Kadmon Hldgs Inc by 132,608 shares in the quarter, leaving it with 570,000 shares, and cut its stake in Alphabet Inc.

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It is positive, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Cornerstone Investment Ptnrs Ltd Liability Co reported 4.38% stake. Moreover, Highland Capital Management Limited Partnership has 0.93% invested in Citigroup Inc. (NYSE:C). Terril Brothers, a Missouri-based fund reported 361,601 shares. Gabelli Funds Limited Liability Corp holds 0.34% in Citigroup Inc. (NYSE:C) or 805,046 shares. Clinton Group invested in 0.03% or 4,133 shares. 101,961 were reported by Cornercap Investment Counsel. Thompson Invest Mgmt reported 149,562 shares. 672 are held by Cranbrook Wealth Ltd Llc. Bowling Port Mgmt Lc owns 65,367 shares for 0.71% of their portfolio. Buckingham Cap Mgmt reported 24,338 shares. Qs Invsts stated it has 0.17% in Citigroup Inc. (NYSE:C). Eulav Asset Mgmt reported 95,000 shares or 0.33% of all its holdings. Armstrong Shaw Associate Inc Ct, a Connecticut-based fund reported 43,965 shares. Somerset Trust reported 50,683 shares stake. State Of Alaska Department Of Revenue holds 0.07% in Citigroup Inc. (NYSE:C) or 20,138 shares.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on April, 19. They expect $0.87 earnings per share, down 11.22% or $0.11 from last year’s $0.98 per share. PM’s profit will be $1.35 billion for 29.96 P/E if the $0.87 EPS becomes a reality. After $1.31 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -33.59% negative EPS growth.

Since August 30, 2017, it had 0 buys, and 2 insider sales for $13.44 million activity. $11.81 million worth of Philip Morris International Inc. (NYSE:PM) was sold by CAMILLERI LOUIS C on Tuesday, October 24.

Among 19 analysts covering Philip Morris International (NYSE:PM), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Philip Morris International had 54 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Wells Fargo given on Wednesday, November 15. The stock of Philip Morris International Inc. (NYSE:PM) earned “Outperform” rating by BNP Paribas on Tuesday, March 8. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Thursday, September 28 by Goldman Sachs. Citigroup maintained Philip Morris International Inc. (NYSE:PM) rating on Friday, October 20. Citigroup has “Neutral” rating and $117 target. The firm earned “Hold” rating on Wednesday, September 21 by Jefferies. Citigroup initiated Philip Morris International Inc. (NYSE:PM) on Tuesday, September 13 with “Neutral” rating. On Thursday, August 31 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Neutral” rating given on Friday, February 9 by Bank of America. The company was maintained on Tuesday, January 30 by Morgan Stanley. Cowen & Co maintained Philip Morris International Inc. (NYSE:PM) on Thursday, July 20 with “Buy” rating.

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