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Private Bank & Trust Co Has Raised American Tower (AMT) Stake; Philip Morris International (PM) Shareholder Sumitomo Mitsui Trust Holdings Has Upped Position by $2.35 Million as Market Value Declined

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Sumitomo Mitsui Trust Holdings Inc increased its stake in Philip Morris International (PM) by 0.5% based on its latest 2018Q1 regulatory filing with the SEC. Sumitomo Mitsui Trust Holdings Inc bought 23,733 shares as the company’s stock declined 24.69% with the market. The institutional investor held 4.75 million shares of the farming and seeds and milling company at the end of 2018Q1, valued at $472.40M, up from 4.73M at the end of the previous reported quarter. Sumitomo Mitsui Trust Holdings Inc who had been investing in Philip Morris International for a number of months, seems to be bullish on the $126.64 billion market cap company. The stock increased 1.80% or $1.44 during the last trading session, reaching $81.47. About 1.29 million 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: 27/03/2018 – CZECH PHILIP MORRIS 2017 PROFIT AFTER TAX CZK 3.53 BLN; 19/04/2018 – Philip Morris 1Q European Union Cigarette and Heated Tobacco Unit Volume Down 5%; 19/04/2018 – Philip Morris 1Q L&M Cigarette Shipment Volume Down 12.3%; 08/03/2018 Philip Morris International Inc. Declares Regular Quarterly Dividend of $1.07 Per Share; 20/04/2018 – PHILIP MORRIS INT’L CREDIT RISK PROTECTED BY DE-LEVERAGING PATH; 09/04/2018 – Fitch Sees Altria as Well-Positioned Through Its Licensing Agreement With Philip Morris; 19/04/2018 – PHILIP MORRIS INTERNATIONAL INC – REMAIN ON TRACK TO DOUBLE WORLDWIDE IN-MARKET SALES OF HEATED TOBACCO UNITS COMPARED TO 2017; 20/04/2018 – Philip Morris International Credit Risk Protected by De-Leveraging Path; 09/05/2018 – Philip Morris International sells Marlboro cigarettes outside the U.S; 15/03/2018 – FDA seeks research, public input in fresh move to curb nicotine addiction

Gregg J. Powers increased its stake in American Tower Corp (AMT) by 287.07% based on its latest 2018Q1 regulatory filing with the SEC. Private Bank & Trust Co bought 5,061 shares as the company’s stock declined 4.49% with the market. The hedge fund run by Gregg J. Powers held 6,824 shares of the real estate investment trusts company at the end of 2018Q1, valued at $992,000, up from 1,763 at the end of the previous reported quarter. Private Bank & Trust Co who had been investing in American Tower Corp for a number of months, seems to be bullish on the $61.67B market cap company. The stock increased 1.01% or $1.4 during the last trading session, reaching $139.63. About 279,365 shares traded. American Tower Corporation (NYSE:AMT) has risen 4.03% since June 19, 2017 and is uptrending. It has underperformed by 8.54% the S&P500.

Private Bank & Trust Co, which manages about $3.20B and $732.22M US Long portfolio, decreased its stake in Ishares (PFF) by 46,386 shares to 15,255 shares, valued at $573,000 in 2018Q1, according to the filing. It also reduced its holding in Ishares (IWR) by 10,125 shares in the quarter, leaving it with 253,040 shares, and cut its stake in Ishares (IWM).

Since January 2, 2018, it had 0 insider purchases, and 8 insider sales for $24.06 million activity. 5,000 shares were sold by THOMPSON SAMME L, worth $715,800 on Tuesday, January 2. DiSanto Edmund also sold $1.99 million worth of American Tower Corporation (NYSE:REIT) shares. The insider HESS WILLIAM H sold 28,291 shares worth $4.11M. 845 shares valued at $124,071 were sold by REED JOANN A on Wednesday, March 14. Sharma Amit sold $4.57M worth of American Tower Corporation (NYSE:REIT) on Monday, April 16.

Among 19 analysts covering American Tower Corporation (NYSE:AMT), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. American Tower Corporation had 73 analyst reports since August 6, 2015 according to SRatingsIntel. Argus Research maintained the shares of AMT in report on Wednesday, August 17 with “Buy” rating. Stifel Nicolaus initiated it with “Buy” rating and $112 target in Wednesday, August 26 report. The firm earned “Buy” rating on Wednesday, November 1 by Macquarie Research. Jefferies maintained American Tower Corporation (NYSE:REIT) on Friday, July 29 with “Buy” rating. Guggenheim upgraded American Tower Corporation (NYSE:REIT) on Tuesday, April 11 to “Buy” rating. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, November 27. The stock of American Tower Corporation (NYSE:REIT) earned “Buy” rating by RBC Capital Markets on Monday, October 2. The stock has “Buy” rating by Cowen & Co on Thursday, September 21. The stock has “Hold” rating by Zacks on Wednesday, August 26. The firm has “Buy” rating given on Monday, July 11 by Citigroup.

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.07, from 1.25 in 2017Q4. It is negative, as 49 investors sold AMT shares while 291 reduced holdings. 94 funds opened positions while 308 raised stakes. 389.87 million shares or 3.17% more from 377.89 million shares in 2017Q4 were reported. Peddock Lc holds 0.07% or 900 shares in its portfolio. State Of Wisconsin Inv Board reported 523,048 shares stake. Amer Century Cos accumulated 0.48% or 3.27M shares. Personal Cap Advsr reported 218,013 shares. Moreover, First Tru Advsrs Limited Partnership has 0.07% invested in American Tower Corporation (NYSE:REIT) for 216,379 shares. Kistler has 0.01% invested in American Tower Corporation (NYSE:REIT) for 176 shares. Earnest Prtn has invested 0.72% in American Tower Corporation (NYSE:REIT). Moreover, Carnegie Capital Asset Mngmt Ltd Llc has 0.97% invested in American Tower Corporation (NYSE:REIT). Driehaus Cap Mngmt Limited Company accumulated 40,824 shares. South Dakota Investment Council has 54,100 shares for 0.18% of their portfolio. Two Sigma Secs Ltd Company reported 10,132 shares. Legacy Private owns 5,565 shares for 0.09% of their portfolio. Moreover, Nelson Roberts Advsrs Ltd Liability Company has 0% invested in American Tower Corporation (NYSE:REIT) for 53 shares. Brown Brothers Harriman Com owns 223,240 shares. Motley Fool Wealth Mngmt has 97,232 shares.

Sumitomo Mitsui Trust Holdings Inc, which manages about $77.76B US Long portfolio, decreased its stake in Sempra Energy (NYSE:SRE) by 34,892 shares to 709,672 shares, valued at $78.93 million in 2018Q1, according to the filing. It also reduced its holding in Marriott International (NASDAQ:MAR) by 7,002 shares in the quarter, leaving it with 980,677 shares, and cut its stake in Ishares Msci India Etf (INDA).

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 company was maintained on Friday, February 9 by Cowen & Co. The firm has “Buy” rating by Stifel Nicolaus given on Friday, April 20. The firm earned “Buy” rating on Tuesday, April 24 by Deutsche Bank. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Wednesday, November 15 by Wells Fargo. Societe Generale upgraded the shares of PM in report on Thursday, April 21 to “Hold” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 17 report. The firm earned “Buy” rating on Friday, October 20 by Cowen & Co. Piper Jaffray maintained Philip Morris International Inc. (NYSE:PM) rating on Friday, August 18. Piper Jaffray has “Buy” rating and $134.0 target. The company was maintained on Thursday, February 8 by Piper Jaffray. Citigroup maintained Philip Morris International Inc. (NYSE:PM) rating on Friday, October 20. Citigroup has “Neutral” rating and $117 target.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris: A Killer Stock” on June 08, 2018, also Seekingalpha.com with their article: “The Pain Of Philip Morris” published on June 12, 2018, Fool.com published: “Better Buy: Philip Morris International vs. Altria” on June 05, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “Better Buy: Philip Morris International, Inc. vs. British American Tobacco” published on June 16, 2018 as well as Fool.com‘s news article titled: “3 Reasons Philip Morris International Investors Should Be More Afraid Than Ever” with publication date: June 01, 2018.

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

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