Philip Morris International In (PM) Holder Abner Herrman & Brock Decreased Its Holding as Stock Value Declined; As Target (TGT) Stock Declined, Shareholder Davidson D A & Company Has Trimmed by $2.44 Million Its Position

June 19, 2018 - By Linda Rogers

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Abner Herrman & Brock Llc decreased its stake in Philip Morris International In (PM) by 20.53% based on its latest 2018Q1 regulatory filing with the SEC. Abner Herrman & Brock Llc sold 14,159 shares as the company’s stock declined 24.69% with the market. The institutional investor held 54,813 shares of the farming and seeds and milling company at the end of 2018Q1, valued at $5.45 million, down from 68,972 at the end of the previous reported quarter. Abner Herrman & Brock Llc who had been investing in Philip Morris International In for a number of months, seems to be less bullish one the $124.40 billion market cap company. The stock decreased 2.26% or $1.85 during the last trading session, reaching $80.03. About 6.33M shares traded. Philip Morris International Inc. (NYSE:PM) has declined 32.76% since June 19, 2017 and is downtrending. It has underperformed by 45.33% the S&P500. Some Historical PM News: 19/04/2018 – PHILIP MORRIS SEES 2018 EPS $5.25-$5.40, AT PREVAILING FX; 19/04/2018 – Philip Morris Sees 2018 Capex $1.7 Billion; 19/04/2018 – PHILIP MORRIS 1Q TOTAL SHIPMENT VOLUME FELL BY 2.3%; 18/05/2018 – Government proposal leaves markets gasping — and ltalians vaping; 16/05/2018 – Philip Morris CEO Says IQos Needs Cultural, Rural Spin for Japan; 19/04/2018 – Philip Morris on track for worst day in a decade as iQOS growth in Japan ‘plateaus’; 19/04/2018 – PHILIP MORRIS INTERNATIONAL INC – EXCLUDING FAVORABLE CURRENCY OF $327 MLN, QTRLY NET REVENUES UP BY 8.3%; 21/03/2018 – Philip Morris: Greece Factory Now Producing Smoke-Free Products; 15/05/2018 – In seeking regulatory approval iQOS, Philip Morris International is claiming the electronic gadget is less likely to cause disease than traditional cigarettes; 20/04/2018 – Philip Morris International Credit Risk Protected by De-Leveraging Path

Thomas Lenox Kempner decreased its stake in Target Corp (TGT) by 35.61% based on its latest 2018Q1 regulatory filing with the SEC. Davidson D A & Company sold 35,386 shares as the company’s stock declined 7.40% with the market. The hedge fund run by Thomas Lenox Kempner held 63,974 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $4.44 million, down from 99,360 at the end of the previous reported quarter. Davidson D A & Company who had been investing in Target Corp for a number of months, seems to be less bullish one the $41.12 billion market cap company. The stock decreased 0.17% or $0.13 during the last trading session, reaching $77.12. About 3.34 million shares traded. Target Corporation (NYSE:TGT) has risen 31.38% since June 19, 2017 and is uptrending. It has outperformed by 18.81% the S&P500. Some Historical TGT News: 23/05/2018 – Target 1Q Net $718M; 06/03/2018 – Target Sees 2018 Comparable Sales Up Low-Single Digits; 24/05/2018 – Pura Naturals Announces Partnership With Noreen Taylor, CEO of Donore by The Organic Face; 19/04/2018 – Target leads the way as U.S. corporations look to go big on solar; 15/05/2018 – Target Launching Revamped Men’s Grooming Sections In 11 Stores — MarketWatch; 31/05/2018 – Target and Shipt Expand Same-Day Delivery in Kentucky; 23/05/2018 – TARGET CORP – QTRLY COMPARABLE SALES GROWTH OF 3.0 PERCENT; 06/03/2018 – TARGET: NEW STORES TO ADD ABOUT 50BPS OF SALES GROWTH THIS YR; 08/03/2018 – Dmitri L. Stockton Named to Target Corporation’s Bd of Directors; 06/04/2018 – China trade dispute could slam U.S. retailers

Analysts await Target Corporation (NYSE:TGT) to report earnings on August, 15. They expect $1.39 EPS, up 13.01% or $0.16 from last year’s $1.23 per share. TGT’s profit will be $741.05 million for 13.87 P/E if the $1.39 EPS becomes a reality. After $1.32 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 5.30% EPS growth.

Davidson D A & Company, which manages about $9.65 billion and $4.84 billion US Long portfolio, upped its stake in Ishares Tr (CIU) by 11,747 shares to 45,609 shares, valued at $4.89 million in 2018Q1, according to the filing. It also increased its holding in Vanguard Index Fds (VTI) by 12,226 shares in the quarter, for a total of 98,005 shares, and has risen its stake in Ares Cap Corp (NASDAQ:ARCC).

More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: “Target: Could Be Worse To Come” on May 24, 2018, also Seekingalpha.com with their article: “Target continues to break out” published on June 05, 2018, Seekingalpha.com published: “Sell Target Into Earnings” on May 23, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “Target: Here’s Your Buying Opportunity” published on May 24, 2018 as well as Fool.com‘s news article titled: “Sam’s Club Testing a New, Smaller Format” with publication date: June 18, 2018.

Among 29 analysts covering Target Corporation (NYSE:TGT), 11 have Buy rating, 3 Sell and 15 Hold. Therefore 38% are positive. Target Corporation had 92 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Thursday, August 31. M Partners maintained the shares of TGT in report on Thursday, November 19 with “Neutral” rating. As per Tuesday, July 25, the company rating was maintained by Jefferies. Robert W. Baird maintained Target Corporation (NYSE:TGT) rating on Monday, October 2. Robert W. Baird has “Hold” rating and $55.0 target. The stock of Target Corporation (NYSE:TGT) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 18. Susquehanna maintained it with “Buy” rating and $95.0 target in Friday, February 16 report. Susquehanna maintained the shares of TGT in report on Monday, March 5 with “Buy” rating. The company was maintained on Monday, April 2 by Tigress Financial. UBS maintained Target Corporation (NYSE:TGT) rating on Thursday, November 19. UBS has “Neutral” rating and $75 target. As per Friday, April 29, the company rating was downgraded by Wolfe Research.

Among 21 analysts covering Philip Morris International (NYSE:PM), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Philip Morris International had 63 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by CLSA on Monday, November 14. The firm has “Overweight” rating given on Friday, June 17 by JP Morgan. On Friday, October 20 the stock rating was maintained by Bank of America with “Neutral”. The firm has “Buy” rating given on Thursday, April 19 by Edward Jones. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Cowen & Co on Friday, October 20. Stifel Nicolaus maintained Philip Morris International Inc. (NYSE:PM) rating on Thursday, August 31. Stifel Nicolaus has “Buy” rating and $134.0 target. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, April 20. As per Tuesday, September 13, the company rating was initiated by Citigroup. The rating was upgraded by Goldman Sachs on Thursday, September 28 to “Buy”. As per Friday, February 9, the company rating was maintained by Bank of America.

Since February 21, 2018, it had 4 insider purchases, and 3 selling transactions for $6.75 million activity. 13,650 shares were sold by FIRESTONE MARC S, worth $1.43M. 3,000 shares were bought by Whitson Jerry, worth $248,282. Geissler Werner also bought $3.97 million worth of Philip Morris International Inc. (NYSE:PM) on Friday, May 11. Another trade for 49,000 shares valued at $5.08M was sold by CALANTZOPOULOS ANDRE. 6,000 shares valued at $489,360 were bought by Zielinski Miroslaw on Friday, April 27. Li Jennifer also bought $3.25 million worth of Philip Morris International Inc. (NYSE:PM) on Friday, May 11.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on July, 19. They expect $1.25 earnings per share, up 9.65% or $0.11 from last year’s $1.14 per share. PM’s profit will be $1.94B for 16.01 P/E if the $1.25 EPS becomes a reality. After $1.00 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Abner Herrman & Brock Llc, which manages about $1.13B and $631.10 million US Long portfolio, upped its stake in Emerson Electric Co (NYSE:EMR) by 125,678 shares to 268,138 shares, valued at $18.31M in 2018Q1, according to the filing. It also increased its holding in Travelers Cos Inc/The (NYSE:TRV) by 3,583 shares in the quarter, for a total of 66,462 shares, and has risen its stake in Citigroup Inc (NYSE:C).

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.20, from 1.11 in 2017Q4. It fall, as 61 investors sold PM shares while 545 reduced holdings. 126 funds opened positions while 427 raised stakes. 1.09 billion shares or 0.05% less from 1.09 billion shares in 2017Q4 were reported. Moreover, Jacobs And Ca has 0.08% invested in Philip Morris International Inc. (NYSE:PM). Legacy Private Trust owns 8,685 shares for 0.1% of their portfolio. Quantbot Techs LP accumulated 87,993 shares or 0.75% of the stock. Rbo & Limited Liability Company stated it has 183,760 shares. Shelter Insurance Retirement Plan invested in 3.01% or 65,100 shares. Sigma Planning Corporation reported 34,455 shares or 0.25% of all its holdings. Texas-based Salient Tru Commerce Lta has invested 1.42% in Philip Morris International Inc. (NYSE:PM). Baldwin Brothers Ma holds 0.17% or 10,571 shares in its portfolio. Nadler Fin Group Inc accumulated 3,457 shares or 0.11% of the stock. Clear Harbor Asset Management Ltd Liability Corporation invested in 3,753 shares or 0.07% of the stock. Mengis Cap Mgmt Inc, Oregon-based fund reported 26,165 shares. Lumbard & Kellner Lc reported 4,334 shares. Gamble Jones Investment Counsel owns 1.12% invested in Philip Morris International Inc. (NYSE:PM) for 113,022 shares. Fundsmith Llp reported 8.91 million shares. Fernwood Invest Mgmt holds 27,416 shares.

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

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