Philip Morris International Inc (PM) Cut to "Hold" at Zacks Investment Research

Wellington Shields & Company sold 10,651 shares as the company's stock rose 10.69% with the market. Bank of Montreal Can now owns 1,931,493 shares of the company's stock worth $218,066,000 after buying an additional 128,993 shares during the period. The stock has a market cap of $182.71 billion, a P/E ratio of 26.07 and a beta of 0.94. The stock declined 0.35% or $0.41 reaching $117.78 on the news. Welch Investments LLC acquired a new position in Philip Morris International during the first quarter valued at $113,000. On Tuesday, June 20 the stock rating was maintained by Jefferies with "Hold". It has underperformed by 0.05% the S&P500. Maverick Capital Ltd reported 0.04% stake. Forward Management Llc sold 81,866 shares as the company's stock rose 23.53% with the market. The difference between the expected and actual EPS was $-0.09/share, which represents an Earnings surprise of -7.3%. The company has market cap of $32.83 billion. The stock increased 0.28% or $0.13 during the last trading session, reaching $46.88. It has outperformed by 19.10% the S&P500. $1.75M worth of Philip Morris International Inc.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, July 20th. Philip Morris International's payout ratio is 92.24%. (NYSE:PM) were released by: Seekingalpha.com and their article: "Philip Morris's Future Looks Bright" published on July 07, 2017 as well as Reuters.com's news article titled: "India to quiz Philip Morris on marketing of Marlboro" with publication date: July 21, 2017.

Investors sentiment increased to 1.14 in Q4 2016. Its the same as in 2016Q3.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shares of the company also outperformed the Zacks categorized industry in the past six months.

06/06/2017 - Philip Morris International Inc had its " rating reiterated by analysts at Wells Fargo. (NYSE:PM) is planning to invest around €490 million to transform its cigarette manufacturing factory in Otopeni, near Bucharest, into a high-tech facility to produce HEETS, the tobacco segments used with the IQOS. Grisanti Mngmt Limited Liability Corp owns 5,310 shares for 0.22% of their portfolio. Canada Pension Plan Investment Board boosted its position in shares of Philip Morris International by 42.0% in the first quarter. (NYSE:PM). Driehaus Cap Mngmt Ltd has 3,746 shares.

According to Zacks, "After a dismal first quarter, Philip Morris again posted weaker-than-expected second-quarter 2017 results, wherein both earnings and revenues lagged the Zacks Consensus Estimate". Archon Prns reported 78,500 shares stake. Philip Morris International comprises 0.6% of St. Louis Trust Co's investment portfolio, making the stock its 22nd largest position. (NYSE:PM) or 17,088 shares. Peoples Financial Services holds 0.37% or 5,920 shares in its portfolio. Amalgamated National Bank reported 6,262 shares. (NYSE:PM). Louisiana State Employees Retirement has invested 0.46% in Philip Morris International Inc. (NYSE:PM). Van Hulzen Asset Management Llc invested in 0.12% or 2,496 shares. (NASDAQ:AMGN) for 2,805 shares.

Since February 15, 2017, it had 0 buys, and 3 insider sales for $11.54 million activity. Shares for $3.59 million were sold by CALANTZOPOULOS ANDRE.

The share price of the company (NYSE:PM) was up +0.46%, with a high of 118.76 during the day and the volume of Philip Morris International Inc shares traded was 4439761.

11/14/2016 - Philip Morris International Inc was upgraded to "buy" by analysts at CLSA. As per Thursday, July 20, the company rating was maintained by Cowen & Co. The company was upgraded on Thursday, April 21 by Societe Generale. Citigroup initiated the stock with "Neutral" rating in Tuesday, September 13 report. The stock of Cesca Therapeutics Inc (NASDAQ:KOOL) earned "Buy" rating by H.C. Wainwright on Monday, September 21. The rating was upgraded by SBG Securities on Wednesday, July 20 to "Hold". (NYSE:PM) earned "Neutral" rating by Nomura on Monday, November 30. As per Wednesday, October 5, the company rating was maintained by Jefferies. The rating was downgraded by Bank of America to "Neutral" on Wednesday, January 4.

Investors sentiment is 1.03 in Q4 2016. The stock showed weekly downbeat performance of -1.39%, which was maintained for the month at 0.04%. It is negative, as 27 investors sold BLKB shares while 68 reduced holdings. 109 funds opened positions while 262 raised stakes. Moreover, Armistice Capital Llc has 2.51% invested in the company for 2.00 million shares. California State Teachers Retirement has 0.09% invested in Williams Companies Inc (NYSE:WMB) for 1.47 million shares. Amer Invest Lc has 0.4% invested in Amgen, Inc. Heritage Wealth Advisors reported 0.2% in BB&T Corporation (NYSE:BBT). Lombard Odier Asset Management (Usa) Corp, a New York-based fund reported 500,000 shares. Kcg stated it has 0.02% of its portfolio in BB&T Corporation (NYSE:BBT). 60,452 are owned by Stratos Wealth Prtnrs Limited. 622.74 million shares or 0.48% less from 625.76 million shares in 2016Q3 were reported. 454 were accumulated by Life Tru Comm. Mitchell Group invested in 2.66% or 808,520 shares. Pacad Invest Limited, a British Columbia - Canada-based fund reported 13,066 shares. Granite Prtn Ltd Limited Liability Company holds 0.19% or 28,509 shares in its portfolio.