Payden & Rygel Maintains Stake in Philip Morris (PM)

Philip Morris International Inc. (NYSE:PM) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.10, from 0.91 in 2018Q1. It dropped, as 108 investors sold PM shares while 528 reduced holdings. 108 funds opened positions while 408 raised stakes. 1.09 billion shares or 0.28% less from 1.09 billion shares in 2018Q1 were reported. Royal Bankshares Of Scotland Gp Public Limited Company has invested 0.17% in Philip Morris International Inc. (NYSE:PM). 1832 Asset Mgmt LP has 0.01% invested in Philip Morris International Inc. (NYSE:PM) for 37,739 shares. The North Carolina-based Holderness has invested 0.16% in Philip Morris International Inc. (NYSE:PM). Lombard Odier Asset Management (Switzerland) has 0.04% invested in Philip Morris International Inc. (NYSE:PM) for 5,281 shares. Toronto Dominion Commercial Bank stated it has 1.53M shares or 0.26% of all its holdings. Moreover, Sol Cap Com has 0.13% invested in Philip Morris International Inc. (NYSE:PM). Merriman Wealth Ltd Liability Corp reported 0.11% stake. Natl Pension Service reported 1.33 million shares. Meritage Portfolio Mgmt has invested 0.42% in Philip Morris International Inc. (NYSE:PM). Tdam Usa Incorporated holds 0.84% or 163,605 shares in its portfolio. Valmark Advisers has 0.04% invested in Philip Morris International Inc. (NYSE:PM) for 22,856 shares. Barclays Public Ltd Co stated it has 2.11M shares. First Midwest Comml Bank Tru Division accumulated 22,387 shares. Captrust Advsr holds 18,735 shares. Commerzbank Aktiengesellschaft Fi invested in 367,633 shares or 0.3% of the stock.

Since November 29, 2018, it had 0 insider purchases, and 1 sale for $5.17 million activity.

Payden & Rygel increased its stake in Philip Morris (PM) by 199.83% based on its latest 2018Q2 regulatory filing with the SEC. Payden & Rygel bought 232,000 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 348,100 shares of the farming and seeds and milling company at the end of 2018Q2, valued at $28.11M, up from 116,100 at the end of the previous reported quarter. Payden & Rygel who had been investing in Philip Morris for a number of months, seems to be bullish on the $132.59B market cap company. The stock decreased 0.16% or $0.14 during the last trading session, reaching $85.29. About 6.41 million shares traded or 11.23% up from the average. Philip Morris International Inc. (NYSE:PM) has declined 31.61% since December 7, 2017 and is downtrending. It has underperformed by 47.23% the S&P500.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Nasdaq.com which released: “3 Top Dividend Stocks to Buy Now – Nasdaq” on December 02, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Open Lower; Kroger Profit Tops Views – Nasdaq” published on December 06, 2018, Benzinga.com published: “Why Is The US Stock Market Open 6.5 Hours A Day? – Benzinga” on November 23, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Businesswire.com and their article: “Philip Morris International and Dorna Switch Gears in Quest for a World without Tobacco Smoke – Business Wire” published on November 17, 2018 as well as Fool.com‘s news article titled: “Winners and Losers From FDA’s New E-Cig Rules – The Motley Fool” with publication date: November 17, 2018.

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

Among 8 analysts covering Philip Morris Intl (NYSE:PM), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Philip Morris Intl has $102 highest and $80 lowest target. $94.83’s average target is 11.19% above currents $85.29 stock price. Philip Morris Intl had 10 analyst reports since July 17, 2018 according to SRatingsIntel. JP Morgan downgraded Philip Morris International Inc. (NYSE:PM) on Friday, July 20 to “Neutral” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 20. The rating was maintained by Citigroup on Friday, October 19 with “Buy”. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Wednesday, July 25 by Argus Research. The rating was downgraded by Jefferies to “Hold” on Friday, August 24. The company was maintained on Friday, July 20 by Citigroup. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Friday, September 21 by Citigroup. On Tuesday, July 17 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Market Perform” rating by Cowen & Co given on Friday, July 20.

Philip Morris International Inc. (NYSE:PM) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.