As Philip Morris International In (PM) Share Price Rose, First Foundation Advisors Has Trimmed Its Holding

Philip Morris International Inc. (NYSE:PM) LogoInvestors sentiment decreased to 0.68 in Q4 2018. Its down 0.17, from 0.85 in 2018Q3. It turned negative, as 82 investors sold PM shares while 552 reduced holdings. 126 funds opened positions while 305 raised stakes. 1.13 billion shares or 3.02% more from 1.09 billion shares in 2018Q3 were reported. Hills Commercial Bank And Com has invested 0.11% in Philip Morris International Inc. (NYSE:PM). Zwj Invest Counsel owns 10,933 shares or 0.07% of their US portfolio. Moreover, North Star Inv Management has 0.15% invested in Philip Morris International Inc. (NYSE:PM). Shamrock Asset Mgmt Limited Com stated it has 0.04% of its portfolio in Philip Morris International Inc. (NYSE:PM). Arvest National Bank & Trust Trust Division holds 4,500 shares. Birch Hill Inv Lc has invested 0.03% in Philip Morris International Inc. (NYSE:PM). Horrell Cap has 30 shares for 0% of their portfolio. Endurance Wealth Management has 0.15% invested in Philip Morris International Inc. (NYSE:PM). Rbo And Limited Company stated it has 185,123 shares or 3.25% of all its holdings. Cedar Rock Ltd reported 9.27M shares. E&G Advsrs Lp owns 7,200 shares. Cibc National Bank Usa reported 45,709 shares. Hollencrest Capital Mgmt reported 110,399 shares. Fulton Breakefield Broenniman Ltd Liability has 18,948 shares for 0.22% of their portfolio. Ruggie Cap has 155 shares.

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

First Foundation Advisors decreased its stake in Philip Morris International In (PM) by 16.7% based on its latest 2018Q4 regulatory filing with the SEC. First Foundation Advisors sold 66,708 shares as the company’s stock rose 1.03% with the market. The hedge fund held 332,788 shares of the farming and seeds and milling company at the end of 2018Q4, valued at $22.22 million, down from 399,496 at the end of the previous reported quarter. First Foundation Advisors who had been investing in Philip Morris International In for a number of months, seems to be less bullish one the $141.23B market cap company. The stock increased 1.18% or $1.06 during the last trading session, reaching $90.85. About 12.35M shares traded or 68.23% up from the average. Philip Morris International Inc. (NYSE:PM) has declined 16.62% since March 17, 2018 and is downtrending. It has underperformed by 20.99% the S&P500.

First Foundation Advisors, which manages about $3.20B and $1.58 billion US Long portfolio, upped its stake in Ishares Core Msci Emerging Mar (IEMG) by 429,516 shares to 446,824 shares, valued at $21.07 million in 2018Q4, according to the filing. It also increased its holding in Ishares Core Msci Eafe Etf (IEFA) by 430,501 shares in the quarter, for a total of 467,311 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on April, 18. They expect $1.01 earnings per share, up 1.00 % or $0.01 from last year’s $1 per share. PM’s profit will be $1.57B for 22.49 P/E if the $1.01 EPS becomes a reality. After $1.25 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -19.20 % negative EPS growth.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris: A Little Worry – Seeking Alpha” on March 12, 2019, also Seekingalpha.com with their article: “Altria, Philip Morris higher on Gottlieb resignation – Seeking Alpha” published on March 05, 2019, Investorplace.com published: “3 Tobacco Stocks That Will Perform Well Despite FDA Regulations – Investorplace.com” on March 14, 2019. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Benzinga.com and their article: “Wells Fargo Expects Tobacco Stocks To ‘React Favorably’ To Price Increases (NYSE:MO) (NYSE:PM) – Benzinga” published on February 21, 2019 as well as Seekingalpha.com‘s news article titled: “My Update On Philip Morris’ Cigarette Volume Declines – Seeking Alpha” with publication date: February 15, 2019.

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

Among 5 analysts covering Philip Morris Intl (NYSE:PM), 3 have Buy rating, 2 Sell and 0 Hold. Therefore 60% are positive. Philip Morris Intl had 8 analyst reports since September 21, 2018 according to SRatingsIntel. On Friday, September 21 the stock rating was maintained by Citigroup with “Buy”. The stock of Philip Morris International Inc. (NYSE:PM) earned “Underperform” rating by Credit Suisse on Tuesday, December 18. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 8. As per Friday, October 19, the company rating was maintained by Citigroup.

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

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