Societe Generale Decides to Upgrade Philip Morris Intl (NYSE:PM) Stock





October 23, 2017 – By Clifton Ray







  Societe Generale Decides to Upgrade Philip Morris Intl (NYSE:PM) Stock

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.03, from 0.91 in 2017Q1. It worsened, as 53 investors sold Philip Morris International Inc. shares while 558 reduced holdings. 118 funds opened positions while 421 raised stakes. 1.10 billion shares or 0.43% less from 1.10 billion shares in 2017Q1 were reported.

Institute For Wealth Limited Liability Corporation stated it has 0.21% in Philip Morris International Inc. (NYSE:PM). Hbk Sorce Advisory Ltd Com holds 32,995 shares or 0.62% of its portfolio. Holderness Invests has 0.22% invested in Philip Morris International Inc. (NYSE:PM) for 3,484 shares. Howland Cap Lc owns 5,437 shares. Breton Hill Cap Limited reported 103,998 shares or 2.28% of all its holdings. Glob X Management Llc invested in 86,614 shares. Moreover, First Business Financial Serv Incorporated has 0.24% invested in Philip Morris International Inc. (NYSE:PM). United Asset Strategies owns 0.1% invested in Philip Morris International Inc. (NYSE:PM) for 2,734 shares. Iberiabank has 1.38% invested in Philip Morris International Inc. (NYSE:PM). State Board Of Administration Of Florida Retirement Systems reported 2.25 million shares. Calamos Advsr Limited Liability Co stated it has 0.49% in Philip Morris International Inc. (NYSE:PM). Comerica Securities has invested 0.23% in Philip Morris International Inc. (NYSE:PM). Night Owl Capital Mgmt Ltd Com holds 0.11% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 1,755 shares. Macguire Cheswick & Tuttle Investment Counsel Ltd stated it has 0.1% of its portfolio in Philip Morris International Inc. (NYSE:PM). Moreover, Spectrum Management Group Incorporated has 0.13% invested in Philip Morris International Inc. (NYSE:PM) for 2,942 shares.

Philip Morris Intl (NYSE:PM) Stock Upgrade

Research professionals at the Societe Generale equity research division raised shares of Philip Morris Intl (NYSE:PM) from a Hold to a Buy on Friday, 20 October.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.03, from 0.91 in 2017Q1. It worsened, as 53 investors sold Philip Morris International Inc. shares while 558 reduced holdings. 118 funds opened positions while 421 raised stakes. 1.10 billion shares or 0.43% less from 1.10 billion shares in 2017Q1 were reported.

Institute For Wealth Limited Liability Corporation stated it has 0.21% in Philip Morris International Inc. (NYSE:PM). Hbk Sorce Advisory Ltd Com holds 32,995 shares or 0.62% of its portfolio. Holderness Invests has 0.22% invested in Philip Morris International Inc. (NYSE:PM) for 3,484 shares. Howland Cap Lc owns 5,437 shares. Breton Hill Cap Limited reported 103,998 shares or 2.28% of all its holdings. Glob X Management Llc invested in 86,614 shares. Moreover, First Business Financial Serv Incorporated has 0.24% invested in Philip Morris International Inc. (NYSE:PM). United Asset Strategies owns 0.1% invested in Philip Morris International Inc. (NYSE:PM) for 2,734 shares. Iberiabank has 1.38% invested in Philip Morris International Inc. (NYSE:PM). State Board Of Administration Of Florida Retirement Systems reported 2.25 million shares. Calamos Advsr Limited Liability Co stated it has 0.49% in Philip Morris International Inc. (NYSE:PM). Comerica Securities has invested 0.23% in Philip Morris International Inc. (NYSE:PM). Night Owl Capital Mgmt Ltd Com holds 0.11% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 1,755 shares. Macguire Cheswick & Tuttle Investment Counsel Ltd stated it has 0.1% of its portfolio in Philip Morris International Inc. (NYSE:PM). Moreover, Spectrum Management Group Incorporated has 0.13% invested in Philip Morris International Inc. (NYSE:PM) for 2,942 shares.

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

Among 19 analysts covering Philip Morris International (NYSE:PM), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Philip Morris International has $140.0 highest and $80 lowest target. $113.92’s average target is 4.17% above currents $109.36 stock price. Philip Morris International had 46 analyst reports since August 24, 2015 according to SRatingsIntel. The company was upgraded on Monday, November 30 by Nomura. The firm has “Buy” rating by Goldman Sachs given on Thursday, September 28. The firm earned “Buy” rating on Friday, October 13 by Piper Jaffray. Bank of America upgraded Philip Morris International Inc. (NYSE:PM) rating on Thursday, March 24. Bank of America has “Buy” rating and $110 target. The rating was upgraded by Societe Generale to “Buy” on Friday, October 20. The firm has “Neutral” rating given on Tuesday, September 13 by Citigroup. The rating was maintained by Goldman Sachs with “Buy” on Monday, October 3. The stock has “Neutral” rating by Goldman Sachs on Wednesday, April 20. The stock has “Neutral” rating by Citigroup on Friday, October 20. The rating was maintained by Wells Fargo with “Buy” on Tuesday, October 10.

The stock decreased 0.15% or $0.16 during the last trading session, reaching $109.36. About 3.76M shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since October 23, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Philip Morris International Inc. is a holding company. The company has market cap of $169.86 billion. The Firm is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. It has a 24.12 P/E ratio. The Company’s divisions include European Union ; Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris Q3 Earnings Preview” on October 16, 2017, also Seekingalpha.com with their article: “Philip Morris Int’l: Reduced Risk, Increased Returns” published on October 02, 2017, Nasdaq.com published: “Philip Morris International Inc (PM) Ex-Dividend Date Scheduled for September …” on September 25, 2017. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Investorplace.com and their article: “Robust Quant Score Makes Philip Morris International (PM) a Buy” published on October 16, 2017 as well as Seekingalpha.com‘s news article titled: “Philip Morris: Look Out” with publication date: October 23, 2017.

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