Associated Banc-Corp Increased Its Philip Morris Intl INC (PM) Stake

June 27, 2018 - By Anthony Rauscher

Philip Morris International Inc. (NYSE:PM) Corporate LogoBig Money Sentiment decreased to 0.91 in Q1 2018. It has change of 0.20, from 2017Q4’s 1.11. The ratio worsened due to PM positioning: 61 sold and 545 reduced. 126 funds took stakes and 427 increased stakes. Investors holded 1.09 billion in 2017Q4 but now own 1.09 billion shares or 0.05% less. Ramsay Stattman Vela And Price Inc reported 2,125 shs. Hamel Inc reported 2,880 shs. Wunderlich Cap Managemnt holds 1.04% or 15,289 shs in its capital. Pinnacle Advisory Group invested in 35,432 shs or 0.21% of the stock. Polaris Greystone Lc holds 0% or 415 shs. Klingenstein Fields Co Ltd Limited Liability Company stated it has 0.18% in Philip Morris International Inc. (NYSE:PM). Barclays Public Ltd holds 3.30M shs. Moreover, Indiana Tru And Investment Management has 0.12% invested in Philip Morris International Inc. (NYSE:PM). Bahl & Gaynor Incorporated has invested 1.01% of its capital in Philip Morris International Inc. (NYSE:PM). Provident Inv holds 31,951 shs or 0.5% of its capital. Cambridge Tru holds 6,664 shs or 0.04% of its capital. Cullen Cap Management Ltd Llc holds 1.81% or 513,429 shs. The Florida-based Smith Chas P And Associates Pa Cpas has invested 2.59% in Philip Morris International Inc. (NYSE:PM). Eagle Ridge owns 2,288 shs. Appleton Prtnrs Ma, a Massachusetts-based fund reported 3,520 shs.

PM registered $6.75 million net activity with 4 insider purchases and 3 sales since February 21, 2018. On Wednesday, February 21 a trade for 49,000 shs valued at $5.08 million was made by CALANTZOPOULOS ANDRE. On Friday, May 11 a trade for 40,000 shs valued at $3.25 million was made by Li Jennifer. On Wednesday, February 21 $1.43M worth of Philip Morris International Inc. (NYSE:PM) was sold by FIRESTONE MARC S. On Friday, May 11 Geissler Werner bought $3.97M worth of Philip Morris International Inc. (NYSE:PM) or 48,750 shs. Whitson Jerry had bought 3,000 shs worth $248,282 on Wednesday, April 25. On Friday, April 27 $489,360 worth of Philip Morris International Inc. (NYSE:PM) was bought by Zielinski Miroslaw.

Based on the latest 2018Q1 regulatory filing with the SEC, Associated Banc-Corp rose its holdings in Philip Morris Intl Inc (PM) by 854.75%. The company’s stock declined 24.69% with the market as Associated Banc-Corp bought 320,530 shares. The farming and seeds and milling company reported $35.59M value for the 2018Q1. Now the institutional investor is holding 358,030 shares, compared to the 37,500 from the previous quarter. $124.79B is Philip Morris Intl Inc’s MC. PM touched $80.28 during the last trading session after $0.51 change.Philip Morris International Inc. has volume of 1.35 million shares. Since June 27, 2017 PM has declined 32.76% and is downtrending. The stock underperformed the S&P 500 by 45.33%.

Associated Banc-Corp decreased its stake in Lam Research Corp (Put) (NASDAQ:LRCX) by 60,177 shares to 32,400 shares, valued at $6.58 million in 2018Q1, according to the filing. It operates about $1.76 billion US Long portfolio. For a total of 249,797 shares it reduced its holding in Danaher Corp Del (NYSE:DHR) by 32,352 shares in the quarter, and has cut its stake in Schneider National Inc.

For more Philip Morris International Inc. (NYSE:PM) news published recently go to: Fool.com, Seekingalpha.com, Seekingalpha.com, Fool.com or Fool.com. The titles are as follows: “Are These 4 Fears About Altria Group Overblown?” published on June 24, 2018, “Philip Morris: No Buyback Now” on June 04, 2018, “The Pain Of Philip Morris” with a publish date: June 12, 2018, “3 Reasons Philip Morris International Investors Should Be More Afraid Than Ever” and the last “Maybe Philip Morris’s iQOS E-Cig Won’t Be a Big Hit After All” with publication date: June 22, 2018.

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

In total 9 analysts cover Philip Morris (NYSE:PM). “Buy” rating has 8, “Sell” are 1, while 0 are “Hold”. 89% are bullish. With $137.0 highest and $10000 lowest target price Philip Morris has $109 average target price or 35.77% above the current ($80.28) price. 16 are the (NYSE:PM)’s analyst reports since January 10, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Deutsche Bank with “Buy” on Tuesday, April 24. On Thursday, January 11 the firm has “Buy” rating by Piper Jaffray given. The stock rating was maintained by Piper Jaffray with “Buy” on Thursday, April 19. On Friday, January 19 the firm has “Buy” rating given by Jefferies. On Friday, February 9 the rating was maintained by Bank of America with “Neutral”. The stock rating was maintained by Cowen & Co with “Buy” on Friday, February 9. On Tuesday, April 10 the firm earned “Buy” rating by Deutsche Bank. On Thursday, April 19 Cowen & Co maintained Philip Morris International Inc. (NYSE:PM) rating. Cowen & Co has “Buy” rating and $10500 target. The stock rating was maintained by Morgan Stanley with “Overweight” on Tuesday, January 30. On Friday, April 20 the stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Stifel Nicolaus.

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

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