Published: Fri, October 20, 2017
Money | By Armando Alvarado

Philip Morris misses 3Q profit forecasts

Motco sold 68,063 shares as the company's stock rose 10.69% with the market.

The tobacco company reported earnings of $1.27 per share versus an estimate of $1.38 by Thomson Reuters. The company has market cap of $2.02 billion. Company insiders own 0.23% of the company's stock. About 580 shares traded. (NYSE:PM) have caught the attention of investors. It has underperformed by 0.05% the S&P500.

Cam Group Holding A increased its stake in First Rep Bk San Francisco C (FRC) by 12.29% based on its latest 2017Q2 regulatory filing with the SEC.

TRADEMARK VIOLATION WARNING: "Hartford Financial Management Inc".

Now insiders hold 6,521,478 shares in the business which makes up 0.42% of shares. Beacon Advsrs has 1,008 shares for 1.51% of their portfolio. It has outperformed by 24.99% the S&P500. Croft accumulated 0.16% or 6,039 shares. Guidant Wealth Advisors grew its holdings in Philip Morris International by 25.5% during the 2nd quarter.

Philip Morris International (NYSE:) reported weaker than expected third quarter earnings and revenue on Thursday, and cut its full-year outlook, sending its shares lower in pre-market trade. Welch Investments LLC bought a new stake in Philip Morris International in the first quarter worth about $113,000. The value of the total investment in Philip Morris International Inc decreased from $5,151,000 to $4,822,000 decreasing 6.4% quarter over quarter. After $0.52 actual EPS reported by Sun Hydraulics Corporation for the previous quarter, Wall Street now forecasts -34.62% negative EPS growth. Piper Jaffray Companies set a $135.00 price target on shares of Philip Morris International and gave the stock a "buy" rating in a research report on Sunday, October 15th. The firm has "Buy" rating given on Friday, September 22 by Cowen & Co. As per Tuesday, March 8, the company rating was upgraded by BNP Paribas. (NYSE:PM) on Tuesday, April 19 with "Neutral" rating. The rating was maintained by Goldman Sachs on Monday, October 3 with "Buy". Jefferies has "Buy" rating and $10900 target.

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A number of other large investors have also made changes to their positions in PM. The ex-dividend date was Tuesday, September 26th.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.03, from 0.91 in 2017Q1. Moreover, Cambridge Tru has 0.06% invested in Philip Morris International Inc.

State Of Tennessee Treasury Department, which manages about $20.87B US Long portfolio, decreased its stake in Cbre Group Inc (NYSE:CBG) by 306,659 shares to 482,247 shares, valued at $17.55M in 2017Q2, according to the filing. Royal Bank Of Scotland Gru Pcl invested 0.39% in Philip Morris International Inc. (NYSE:PM) for 24,857 shares. Natl Bank Of The West holds 29,290 shares. Wellington Shields Capital Ltd reported 9,778 shares. This is a positive change from Philip Morris International's previous quarterly dividend of $1.04. (NYSE:PM). Wetherby Asset Management stated it has 0.63% in Philip Morris International Inc. Iat Reinsurance Co Ltd. owns 300,000 shares or 2.18% of their USA portfolio. North Star Invest Management, a Illinois-based fund reported 101 shares. It also reduced its holding in Guaranty Bancorp Del (NASDAQ:GBNK) by 35,743 shares in the quarter, leaving it with 159,742 shares, and cut its stake in Ellie Mae Inc (NYSE:ELLI). Investors of record on Wednesday, September 27th were given a $1.07 dividend. 2 funds opened positions while 3 raised stakes. Numeric Limited Liability has 125,200 shares. Its up 25% from 1,200 shares previously. Naples Advisors Lc has 10,836 shares. Linden LP holds 0.19% or 388,200 shares in its portfolio. (NYSE:PM). Calamos Wealth holds 0.19% of its portfolio in Philip Morris International Inc. That puts total institutional holdings at 1,121,582,891 shares, according to SEC filings. Bancorp Of New York Mellon holds 0% or 244,268 shares in its portfolio. The New Jersey-based New Jersey Better Educational Savings Trust has invested 0.35% in the stock. Morgan Stanley invested in 0% or 17,200 shares. Swiss Bancorp accumulated 93,800 shares. Blackrock has invested 0% of its portfolio in Salisbury Bancorp, Inc. The high insider ownership can as a matter of fact lead to the contradictory result, a management team that is unaccountable because they can keep their jobs under nearly any circumstance. "Announces Successful Consent Solicitation with Respect to Senior ..." on September 20, 2017. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Gogo had 11 analyst reports since October 7, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, June 20 by Jefferies. Standpoint Research initiated Gogo Inc (NASDAQ:GOGO) on Thursday, June 23 with "Buy" rating. Patters in insider activity can help analysts formulate an outlook for a stock. The company maintains price to book ratio of 2.74.

PM stock was down 3% as of noon Thursday, but is up 18% year-to-date. The rating was maintained by BMO Capital Markets on Friday, July 7 with "Hold". As per Wednesday, November 11, the company rating was upgraded by Raymond James.

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