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Philip Morris International Inc (PM) Shares Gap Down on Disappointing Earnings

Philip Morris International Inc (PM) Shares Gap Down on Disappointing Earningsā€

Shares are trading at $109.52 a tad under the 50 day moving average which is $113.93 and marginally under the 200 day moving average of $115.70. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since October 21, 2016 and is uptrending. The 12-month price target is $99.95 with three brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 8 brokerages rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

John Thiessen increased its stake in Transocean Ltd (RIG) by 14.46% based on its latest 2017Q2 regulatory filing with the SEC.

Pacific Alternative Asset Management Company Llc increased Bankfinancial Corp (BFIN) stake by 27.94% reported in 2017Q2 SEC filing. The Caz Investments Lp holds 12,290 shares with $1.44 million value, down from 15,210 last quarter. The firm has a market capitalization of $170.11 billion, a P/E ratio of 24.27 and a beta of 0.93. (NYSE:VZ) were released by: Finance.Yahoo.com and their article: "3 Big Stock Charts for Friday: Verizon Communications Inc., General Electric ..." published on October 20, 2017 as well as Valuewalk.com's news article titled: "Verizon Communications Inc". Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since October 21, 2016 and is downtrending. It has underperformed by 0.05% the S&P500.

Philip Morris International Inc is a holding company.

Philip Morris International Inc (NYSE:PM) shares gapped down prior to trading on Thursday following a dissappointing earnings announcement. Philip Morris International had a net margin of 9.36% and a negative return on equity of 66.18%. (NYSE:VZ) for 24,961 shares. (NYSE:PM). 2,279 are held by Frontier Investment Mngmt.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.12, from 1 in 2017Q1. It is negative, as 53 investors sold PM shares while 558 reduced holdings. Mechanics Bank Trust Department raised its stake in shares of Philip Morris International by 0.4% in the third quarter. Company insiders own 0.23% of the company's stock. Sanctuary Wealth Advsr Limited Liability Corp holds 600 shares or 0.06% of its portfolio.

Philip Morris shares have climbed 23 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 14 percent. Logan Capital holds 156,679 shares. (NYSE:PM). Toth Advisory Corp, a Virginia-based fund reported 7,878 shares. Moreover, Advisors Asset Management Inc. has 0.09% invested in the company for 343,753 shares. Bartlett & Limited Liability has 0.15% invested in Philip Morris International Inc. It also reduced its holding in Reinsurance Group Amer Inc (NYSE:RGA) by 30,000 shares in the quarter, leaving it with 22,600 shares, and cut its stake in Ishares Inc. Night Owl Cap Mngmt Ltd Co invested in 1,755 shares. Grimes & owns 7,198 shares. (NYSE:PM). Regal Investment Advisors Limited Liability Company owns 3,563 shares. BidaskClub lowered shares of Philip Morris International from a "hold" rating to a "sell" rating in a research report on Saturday, August 5th. Therefore 58% are positive. On average, equities research analysts anticipate that Philip Morris International Inc will post $4.81 EPS for the current year. Stifel Nicolaus maintained the stock with "Buy" rating in Monday, July 17 report. Cowen & Co maintained it with "Hold" rating and $52.0 target in Monday, September 18 report. Philip Morris International's dividend payout ratio (DPR) is 94.90%. On Tuesday, September 13 the stock rating was initiated by Citigroup with "Neutral". The rating was maintained by Argus Research on Wednesday, October 21 with "Buy". They set a "hold" rating and a $96.00 price target on the stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. More interesting news about Transocean LTD (NYSE:RIG) were released by: Globenewswire.com and their article: "Transocean Ltd".

WARNING: This news story was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. Buy Transocean." with publication date: "October 09, 2017. The Maryland-based Maryland has invested 1.06% in Verizon Communications Inc.

Caz Investments Lp, which manages about $304.25 million and $123.90 million US Long portfolio, upped its stake in Spdr S&P500 Tr Put Opt205.0000 (Put) (SPY) by 130,000 shares to 247,000 shares, valued at $59.73 million in 2017Q2, according to the filing. Wells Fargo Com Mn holds 0% or 405,890 shares. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Voya Inv Mgmt Ltd Liability Corp invested in 243,009 shares or 0% of the stock. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.02. Welch Investments LLC purchased a new stake in Philip Morris International during the first quarter worth about $113,000. Exane Derivatives reported 48,860 shares stake. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,750 shares of the company's stock worth $198,000 after purchasing an additional 750 shares during the period. Renaissance Tech Lc has 0.02% invested in Transocean LTD (NYSE:RIG). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Transocean LTD (NYSE:RIG) for 60,421 shares. (NYSE:PM) earned "Buy" rating by Piper Jaffray on Friday, August 18. Therefore 36% are positive.

A number of analysts have issued reports on the stock. On Tuesday, August 15 the stock rating was maintained by Jefferies with "Hold". The company was maintained on Thursday, April 13 by Barclays Capital. As per Wednesday, June 29, the company rating was upgraded by Evercore. The company was initiated on Wednesday, September 21 by Jefferies. The company was upgraded on Tuesday, August 25 by Zacks. SBG Securities upgraded the stock to "Hold" rating in Wednesday, July 20 report.



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