Philip Morris International (PM) Shares Declined While Aviance Capital Management Decreased Its Stake; Exchange Capital Management Has Lifted Accenture Plc (ACN) Stake

May 24, 2018 - By Darrin Black

Accenture plc (NYSE:ACN) Logo

Aviance Capital Management Llc decreased its stake in Philip Morris International Inc (PM) by 99.92% based on its latest 2017Q4 regulatory filing with the SEC. Aviance Capital Management Llc sold 56,044 shares as the company’s stock declined 7.57% with the market. The institutional investor held 45 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $5,000, down from 56,089 at the end of the previous reported quarter. Aviance Capital Management Llc who had been investing in Philip Morris International Inc for a number of months, seems to be less bullish one the $126.16B market cap company. The stock decreased 0.66% or $0.54 during the last trading session, reaching $81.16. About 635,312 shares traded. Philip Morris International Inc. (NYSE:PM) has declined 13.93% since May 24, 2017 and is downtrending. It has underperformed by 25.48% the S&P500.

Exchange Capital Management Inc increased its stake in Accenture Plc (ACN) by 20.14% based on its latest 2017Q4 regulatory filing with the SEC. Exchange Capital Management Inc bought 2,743 shares as the company’s stock declined 3.27% with the market. The institutional investor held 16,364 shares of the business services company at the end of 2017Q4, valued at $2.51 million, up from 13,621 at the end of the previous reported quarter. Exchange Capital Management Inc who had been investing in Accenture Plc for a number of months, seems to be bullish on the $99.80B market cap company. The stock decreased 0.08% or $0.12 during the last trading session, reaching $155.19. About 288,973 shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since May 24, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.07, from 1 in 2017Q3. It worsened, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Arcadia Investment Management Mi has invested 2.84% in Accenture plc (NYSE:ACN). Cleararc Capital invested 0.33% in Accenture plc (NYSE:ACN). Smith Moore & Commerce owns 3,499 shares. Evanson Asset Mgmt Limited Liability Corporation accumulated 26,440 shares. Acadian Asset Mgmt Ltd reported 0.05% of its portfolio in Accenture plc (NYSE:ACN). Zacks Inv owns 74,868 shares. Tcw Gru accumulated 192,495 shares or 0.24% of the stock. Massachusetts Fincl Services Com Ma, Massachusetts-based fund reported 41.01 million shares. Sei Invests stated it has 132,063 shares. Sather has 1.66% invested in Accenture plc (NYSE:ACN) for 43,419 shares. The New York-based Wellington Shields Cap Ltd has invested 0.57% in Accenture plc (NYSE:ACN). Highbridge Capital Mgmt Lc has 0.02% invested in Accenture plc (NYSE:ACN) for 7,489 shares. Segall Bryant And Hamill owns 37,138 shares or 0.13% of their US portfolio. Parametric Associates Limited Liability Corp stated it has 0.23% of its portfolio in Accenture plc (NYSE:ACN). Department Mb Fin Fincl Bank N A holds 29 shares.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 97 analyst reports since August 12, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of ACN in report on Wednesday, July 12 with “Buy” rating. Susquehanna maintained Accenture plc (NYSE:ACN) rating on Tuesday, March 20. Susquehanna has “Hold” rating and $165.0 target. The firm earned “Hold” rating on Thursday, December 21 by Robert W. Baird. The stock of Accenture plc (NYSE:ACN) earned “Hold” rating by Robert W. Baird on Thursday, September 28. BMO Capital Markets maintained Accenture plc (NYSE:ACN) on Friday, September 29 with “Market Perform” rating. The stock of Accenture plc (NYSE:ACN) has “Buy” rating given on Monday, April 2 by Wedbush. RBC Capital Markets maintained it with “Outperform” rating and $121 target in Friday, December 18 report. Stifel Nicolaus maintained it with “Buy” rating and $146 target in Thursday, September 7 report. The stock has “Hold” rating by Robert W. Baird on Friday, September 1. Robert W. Baird maintained the stock with “Neutral” rating in Tuesday, March 20 report.

More notable recent Accenture plc (NYSE:ACN) news were published by: Streetinsider.com which released: “Accenture (ACN) Announces Acquisition of HO Communication” on May 23, 2018, also Investingnews.com with their article: “Harvest Rebalances Blockchain ETF” published on May 23, 2018, Streetinsider.com published: “Accenture (ACN) Announces Acquisition of Certus Solutions” on April 30, 2018. More interesting news about Accenture plc (NYSE:ACN) were released by: Seekingalpha.com and their article: “Buy Accenture” published on May 07, 2018 as well as Businesswire.com‘s news article titled: “Accenture Commits US$200 Million to Education, Training and Skills Initiatives Over Next Three Years to Equip …” with publication date: May 23, 2018.

Exchange Capital Management Inc, which manages about $312.48 million and $279.39M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 8,703 shares to 44,699 shares, valued at $7.56M in 2017Q4, according to the filing. It also reduced its holding in Philip Morris International Inc (NYSE:PM) by 10,561 shares in the quarter, leaving it with 13,264 shares, and cut its stake in Chevron Corp (NYSE:CVX).

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on July, 19. They expect $1.26 earnings per share, up 10.53% or $0.12 from last year’s $1.14 per share. PM’s profit will be $1.96B for 16.10 P/E if the $1.26 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 26.00% EPS growth.

Since February 21, 2018, it had 4 insider buys, and 3 sales for $6.75 million activity. The insider CAMILLERI LOUIS C sold $8.21 million. $1.43M worth of Philip Morris International Inc. (NYSE:PM) shares were sold by FIRESTONE MARC S. CALANTZOPOULOS ANDRE sold $5.08M worth of Philip Morris International Inc. (NYSE:PM) on Wednesday, February 21. On Wednesday, April 25 Whitson Jerry bought $248,282 worth of Philip Morris International Inc. (NYSE:PM) or 3,000 shares. Li Jennifer bought $3.25M worth of Philip Morris International Inc. (NYSE:PM) on Friday, May 11. Geissler Werner bought $3.97 million worth of stock or 48,750 shares.

Aviance Capital Management Llc, which manages about $2.20B and $1.40 billion US Long portfolio, upped its stake in Spdr S&P Regional Banking Etf (KRE) by 18,601 shares to 406,540 shares, valued at $23.93 million in 2017Q4, according to the filing. It also increased its holding in First Trust Senior Loan Etf (FTSL) by 168,615 shares in the quarter, for a total of 315,064 shares, and has risen its stake in First Trust North Amer Engy Infrasetf (EMLP).

Investors sentiment increased to 1.11 in Q4 2017. Its up 0.14, from 0.97 in 2017Q3. It improved, as 74 investors sold PM shares while 467 reduced holdings. 109 funds opened positions while 493 raised stakes. 1.09 billion shares or 0.42% less from 1.10 billion shares in 2017Q3 were reported. Symphony Asset Management Ltd holds 19,477 shares. Connor Clark And Lunn Inv Management holds 534,457 shares. Greatmark Ptnrs holds 0.32% in Philip Morris International Inc. (NYSE:PM) or 8,388 shares. Fuller Thaler Asset Management Inc has invested 0.01% of its portfolio in Philip Morris International Inc. (NYSE:PM). Supplemental Annuity Collective Trust Of Nj holds 0.89% or 20,000 shares in its portfolio. Flippin Bruce & Porter reported 0.23% stake. Parametrica Mgmt Ltd reported 3,586 shares. Deutsche Fincl Bank Ag holds 0.49% in Philip Morris International Inc. (NYSE:PM) or 7.29M shares. Brookfield Asset Mngmt Inc invested in 76,265 shares. Spc Fincl holds 1,931 shares. Arcadia Invest Mi holds 0.03% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 865 shares. Pitcairn Co holds 13,417 shares or 0.14% of its portfolio. Stock Yards Bank & Trust & Tru Communications holds 0.4% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 34,319 shares. Willingdon Wealth Mngmt reported 0.18% stake. Aviance Cap Mgmt Limited Liability Co holds 0% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 45 shares.

More news for Philip Morris International Inc. (NYSE:PM) were recently published by: Seekingalpha.com, which released: “Philip Morris International: Would You Buy And Hold For The Next 10 Years?” on May 07, 2018. Seekingalpha.com‘s article titled: “Philip Morris adjusts full-year guidance” and published on May 09, 2018 is yet another important article.

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 has “Underperform” rating by Bank of America on Friday, April 20. The firm has “Buy” rating given on Wednesday, January 10 by Stifel Nicolaus. On Monday, November 14 the stock rating was upgraded by CLSA to “Buy”. The rating was maintained by Jefferies with “Hold” on Tuesday, September 26. The rating was maintained by Cowen & Co with “Buy” on Friday, February 9. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Vetr on Monday, August 24. Cowen & Co maintained the shares of PM in report on Thursday, July 20 with “Buy” rating. The stock of Philip Morris International Inc. (NYSE:PM) has “Neutral” rating given on Tuesday, September 13 by Citigroup. The firm has “Neutral” rating given on Friday, February 9 by Bank of America. The firm earned “Neutral” rating on Friday, October 20 by Citigroup.

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

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