SEC Filing: Kcg Holdings INC Has Upped Holding in Philip Morris Intl INC (PM) as Share Price Declined

SEC Filing: Kcg Holdings INC Has Upped Holding in Philip Morris Intl INC (PM) as Share Price Declined

Kcg Holdings Inc increased its stake in Philip Morris Intl Inc (PM) by 57.23% based on its latest 2016Q3 regulatory filing with the SEC. Kcg Holdings Inc bought 58,137 shares as the company’s stock declined 4.01% while stock markets rallied. The institutional investor held 159,717 shares of the farming and seeds and milling company at the end of 2016Q3, valued at $15.53M, up from 101,580 at the end of the previous reported quarter. Kcg Holdings Inc who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $139.14 billion market cap company. The stock is down 0.06% or $0.05 hitting $90.47, despite the positive news. About 1.13 million shares traded hands. Philip Morris International Inc. (NYSE:PM) has declined 9.89% since June 7, 2016 and is downtrending. It has underperformed by 17.32% the S&P500.

Kcg Holdings Inc, which manages about $4.21 billion US Long portfolio, decreased its stake in Zions Bancorporation (NASDAQ:ZION) by 174,031 shares to 39,148 shares, valued at $1.21M in 2016Q3, according to the filing. It also reduced its holding in Schwab Charles Corp New (NYSE:SCHW) by 240,589 shares in the quarter, leaving it with 12,201 shares, and cut its stake in First Tr (FTSL).

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q3. Its up 0.14, from 0.89 in 2016Q2. The ratio increased, as 52 funds sold all PM shares owned while 491 reduced positions. 94 funds bought stakes while 464 increased positions. They now own 1.07 billion shares or 1.39% less from 1.08 billion shares in 2016Q2. Abner Herrman And Brock Limited Liability Company has 0.32% invested in the company for 14,607 shares. Accredited Invsts has invested 0.17% of its portfolio in Philip Morris International Inc. (NYSE:PM). Lincoln Natl Corp, a Pennsylvania-based fund reported 14,835 shares. Gulf National Bank (Uk) Limited last reported 25,149 shares in the company. Wealth Architects Lc holds 5,645 shares or 0.25% of its portfolio. The Illinois-based Alley Ltd Liability has invested 2.56% in Philip Morris International Inc. (NYSE:PM). Blackhill Capital Incorporated holds 1.74% or 107,224 shares in its portfolio. Alliancebernstein Ltd Partnership holds 4.89M shares or 0.4% of its portfolio. Wms Ltd Limited Liability Company has 29,685 shares for 0.39% of their US portfolio. Deroy And Devereaux Private Counsel last reported 0.03% of its portfolio in the stock. Shelter Mutual Insurance, a Missouri-based fund reported 85,820 shares. Biondo Investment Advsrs Limited Liability Co has invested 1.41% of its portfolio in Philip Morris International Inc. (NYSE:PM). Brighton Jones Ltd Liability Com holds 0% or 6,351 shares in its portfolio. Everest Limited Liability holds 32.68% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 20,000 shares. Retirement Of Alabama holds 0.5% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 886,268 shares.

Insider Transactions: Since November 17, 2016, the stock had 2 buys, and 0 selling transactions for $266,650 net activity. Brunel Patrick also bought $88,210 worth of Philip Morris International Inc. (NYSE:PM) shares. Another trade for 2,000 shares valued at $178,440 was bought by Makihara Jun.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “3 Reasons Philip Morris International, Inc. Stock Could Rise” on January 09, 2017, also Fool.com with their article: “Philip Morris International, Inc.’s Worst Move in 2016” published on January 06, 2017, Fool.com published: “Philip Morris International, Inc.’s Best Segment in 2016” on December 30, 2016. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “Philip Morris International, Inc.’s Best Move in 2016” published on December 21, 2016 as well as Fool.com‘s news article titled: “Philip Morris International, Inc.’s Biggest Win in 2016” with publication date: December 20, 2016.

According to Zacks Investment Research, “Philip Morris International is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers.”

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

Out of 13 analysts covering Philip Morris International (NYSE:PM), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. Philip Morris International has been the topic of 22 analyst reports since August 24, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the shares of PM in a report on Friday, June 17 to “Overweight” rating. Jefferies maintained the stock with “Hold” rating in Wednesday, October 5 report. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Thursday, April 21 by Societe Generale. The company was upgraded on Tuesday, March 8 by BNP Paribas. Goldman Sachs maintained the shares of PM in a report on Wednesday, April 20 with “Neutral” rating. As per Monday, September 12, the company rating was upgraded by Goldman Sachs. Vetr upgraded Philip Morris International Inc. (NYSE:PM) on Monday, August 24 to “Buy” rating. The firm has “Neutral” rating by Citigroup given on Tuesday, September 13. The company was upgraded on Thursday, March 24 by Bank of America. The stock of Philip Morris International Inc. (NYSE:PM) has “Neutral” rating given on Tuesday, April 19 by JP Morgan.

PM Company Profile

Philip Morris International Inc., incorporated on January 4, 2007, is a holding firm engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. The Company’s divisions include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company’s premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. The Company’s local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

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