What’s in Philip Morris International Inc (NYSE:PM) After Rise in Shorted Shares?

August 10, 2018 - By Catherine Diaz

Philip Morris International Inc. (NYSE:PM) Logo

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.20, from 1.11 in 2017Q4. It dropped, as 61 investors sold Philip Morris International Inc. shares while 545 reduced holdings. 126 funds opened positions while 427 raised stakes. 1.09 billion shares or 0.05% less from 1.09 billion shares in 2017Q4 were reported.
Guardian Cap Advsr Lp holds 9,135 shares or 0.13% of its portfolio. Lincoln Capital Limited Co holds 0.16% or 2,981 shares. Timber Hill Limited accumulated 28,865 shares. Assetmark Incorporated reported 219,530 shares. Gemmer Asset Mgmt Ltd Liability has 0.04% invested in Philip Morris International Inc. (NYSE:PM) for 1,213 shares. Old Republic Interest Corp invested in 593,200 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 76,361 shares stake. Finance Architects has invested 0.2% in Philip Morris International Inc. (NYSE:PM). Amalgamated Bank & Trust reported 193,157 shares stake. Janney Management Ltd Liability Corp owns 299,384 shares. Sta Wealth Management Limited Liability Co reported 4,947 shares. 1832 Asset Mngmt Lp holds 0% or 150 shares in its portfolio. Altfest L J And Co holds 0.11% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 2,488 shares. Cypress Asset Management Tx holds 6,235 shares. 26,195 are held by Halsey Assoc Ct.

Since February 21, 2018, it had 4 insider buys, and 3 sales for $6.75 million activity. CALANTZOPOULOS ANDRE sold $5.08 million worth of stock. 40,000 shares were bought by Li Jennifer, worth $3.25M. FIRESTONE MARC S sold 13,650 shares worth $1.43 million. 100,000 shares valued at $8.21M were sold by CAMILLERI LOUIS C on Wednesday, May 9. $489,360 worth of Philip Morris International Inc. (NYSE:PM) was bought by Zielinski Miroslaw. The insider Whitson Jerry bought 3,000 shares worth $248,282.

The stock of Philip Morris International Inc (NYSE:PM) registered an increase of 4.85% in short interest. PM’s total short interest was 10.58 million shares in August as published by FINRA. Its up 4.85% from 10.09M shares, reported previously. With 12.30 million shares average volume, it will take short sellers 1 days to cover their PM’s short positions. The short interest to Philip Morris International Inc’s float is 0.68%.

The stock decreased 1.72% or $1.45 during the last trading session, reaching $82.95. About 349,083 shares traded. Philip Morris International Inc. (NYSE:PM) has declined 32.76% since August 10, 2017 and is downtrending. It has underperformed by 45.33% the S&P500.

Philip Morris International Inc., through its subsidiaries, makes and sells cigarettes, other tobacco products, and other nicotine-containing products. The company has market cap of $128.95 billion. The Company’s portfolio of brands comprises Marlboro, Merit, Parliament, Virginia S., L&M, Philip Morris, Bond Street, Chesterfield, Lark, Muratti, Next, and Red & White. It has a 20.13 P/E ratio. The firm also owns various cigarette brands, such as Dji Sam Soe, Sampoerna, and U Mild in Indonesia; Champion, Fortune, and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia.

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

Among 10 analysts covering Philip Morris Intl (NYSE:PM), 7 have Buy rating, 1 Sell and 2 Hold. Therefore 70% are positive. Philip Morris Intl has $12000 highest and $90 lowest target. $100’s average target is 20.55% above currents $82.95 stock price. Philip Morris Intl had 15 analyst reports since February 28, 2018 according to SRatingsIntel. Citigroup upgraded the stock to “Buy” rating in Wednesday, February 28 report. Piper Jaffray maintained the stock with “Buy” rating in Thursday, April 19 report. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Deutsche Bank on Tuesday, April 10. On Wednesday, July 25 the stock rating was upgraded by Argus Research to “Buy”. The firm earned “Buy” rating on Friday, July 20 by Citigroup. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Stifel Nicolaus on Friday, May 18. The stock of Philip Morris International Inc. (NYSE:PM) earned “Overweight” rating by Morgan Stanley on Tuesday, July 17. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Thursday, April 19 by Cowen & Co. As per Friday, July 20, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating by Stifel Nicolaus given on Friday, April 20.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “The Dividend Champion Roars Back” on July 21, 2018, also Seekingalpha.com with their article: “Buy Altria: Growing Sin Stock With A 4.7% Dividend Yield” published on August 06, 2018, Fool.com published: “Better Buy: Procter & Gamble Company vs. Philip Morris” on August 05, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Seekingalpha.com and their article: “Sell US Steel – Cramer’s Lightning Round (8/6/18)” published on August 07, 2018 as well as Seekingalpha.com‘s news article titled: “Philip Morris: Really?” with publication date: July 20, 2018.

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

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