As Cree (CREE) Shares Rose, Federated Investors Cut by $577,015 Its Position; Coho Partners LTD Has Decreased Philip Morris Intl Com (PM) Holding by $4.10 Million; Valuation Declined

May 18, 2018 - By Hazel Jackson

Cree, Inc. (NASDAQ:CREE) Logo

Federated Investors Inc decreased its stake in Cree Inc (CREE) by 33.39% based on its latest 2017Q4 regulatory filing with the SEC. Federated Investors Inc sold 15,595 shares as the company’s stock rose 7.37% while stock markets declined. The institutional investor held 31,116 shares of the technology company at the end of 2017Q4, valued at $1.16 million, down from 46,711 at the end of the previous reported quarter. Federated Investors Inc who had been investing in Cree Inc for a number of months, seems to be less bullish one the $4.44B market cap company. The stock increased 1.48% or $0.65 during the last trading session, reaching $44.55. About 910,022 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 47.95% since May 18, 2017 and is uptrending. It has outperformed by 36.40% the S&P500.

Coho Partners Ltd decreased its stake in Philip Morris Intl Inc. Com (PM) by 3.13% based on its latest 2017Q4 regulatory filing with the SEC. Coho Partners Ltd sold 39,044 shares as the company’s stock declined 7.57% with the market. The institutional investor held 1.21 million shares of the farming and seeds and milling company at the end of 2017Q4, valued at $127.78 million, down from 1.25M at the end of the previous reported quarter. Coho Partners Ltd who had been investing in Philip Morris Intl Inc. Com for a number of months, seems to be less bullish one the $125.97B market cap company. The stock increased 0.19% or $0.15 during the last trading session, reaching $81.04. About 5.71 million shares traded. Philip Morris International Inc. (NYSE:PM) has declined 13.93% since May 18, 2017 and is downtrending. It has underperformed by 25.48% the S&P500.

Investors sentiment decreased to 1.1 in Q4 2017. Its down 0.04, from 1.14 in 2017Q3. It dropped, as 28 investors sold CREE shares while 75 reduced holdings. 54 funds opened positions while 59 raised stakes. 99.93 million shares or 3.73% more from 96.34 million shares in 2017Q3 were reported. 166,441 were accumulated by Swiss Natl Bank. Jane Street Grp Lc stated it has 0% in Cree, Inc. (NASDAQ:CREE). Ameritas Partners owns 37,796 shares. D E Shaw Incorporated invested 0.02% of its portfolio in Cree, Inc. (NASDAQ:CREE). California-based Primecap Mngmt Company Ca has invested 0.24% in Cree, Inc. (NASDAQ:CREE). Greenwich Wealth Mngmt Ltd Liability Company stated it has 46,600 shares or 0.29% of all its holdings. Principal Fincl Group Inc Inc reported 414,383 shares. Tower Rech Ltd Company (Trc) holds 378 shares or 0% of its portfolio. Sandler Capital Mngmt reported 0.6% of its portfolio in Cree, Inc. (NASDAQ:CREE). Voloridge Investment Management Limited Liability Co owns 115,165 shares. Eqis Cap Mngmt owns 0.04% invested in Cree, Inc. (NASDAQ:CREE) for 19,679 shares. Prelude Cap Mgmt Ltd Llc stated it has 0.01% of its portfolio in Cree, Inc. (NASDAQ:CREE). Daiwa Securities reported 1,000 shares or 0% of all its holdings. Hightower Limited Company invested in 0% or 11,467 shares. Morgan Stanley holds 0.01% or 928,929 shares in its portfolio.

Among 21 analysts covering Cree Inc. (NASDAQ:CREE), 4 have Buy rating, 4 Sell and 13 Hold. Therefore 19% are positive. Cree Inc. had 63 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Cree, Inc. (NASDAQ:CREE) has “Underweight” rating given on Wednesday, August 23 by Stephens. On Friday, October 6 the stock rating was downgraded by JP Morgan to “Underweight”. On Thursday, February 9 the stock rating was downgraded by JMP Securities to “Mkt Perform”. The firm has “Sell” rating by UBS given on Wednesday, August 17. As per Wednesday, October 18, the company rating was maintained by Cowen & Co. The firm has “Neutral” rating by UBS given on Wednesday, October 19. The rating was maintained by Roth Capital on Tuesday, June 20 with “Buy”. The stock of Cree, Inc. (NASDAQ:CREE) earned “Hold” rating by Canaccord Genuity on Tuesday, August 22. The rating was initiated by JMP Securities with “Mkt Outperform” on Thursday, December 8. As per Friday, July 15, the company rating was maintained by Deutsche Bank.

Federated Investors Inc, which manages about $35.45B US Long portfolio, upped its stake in Msci Inc (NYSE:MSCI) by 17,231 shares to 246,277 shares, valued at $31.17 million in 2017Q4, according to the filing. It also increased its holding in Mimedx Group Inc (NASDAQ:MDXG) by 142,147 shares in the quarter, for a total of 240,597 shares, and has risen its stake in Rush Enterprises Inc (NASDAQ:RUSHA).

More notable recent Cree, Inc. (NASDAQ:CREE) news were published by: Bizjournals.com which released: “How a severance plan saves a $6.4M investment in a Chatham County home” on May 07, 2018, also Investorplace.com with their article: “3 “Internet of Things” Stocks to Buy Right Now” published on May 17, 2018, Streetinsider.com published: “After-Hours Stock Movers 04/24: (VICR) (MNKD) (CREE) Higher; (TER) (MNLO) (EW) Lower (more…)” on April 24, 2018. More interesting news about Cree, Inc. (NASDAQ:CREE) were released by: Benzinga.com and their article: “Cree’s Q3 Earnings Preview” published on April 24, 2018 as well as Seekingalpha.com‘s news article titled: “Cree +6.8% on Q1 EPS beat, upside revenue guidance” with publication date: April 24, 2018.

Since April 26, 2018, it had 0 buys, and 1 sale for $275,541 activity.

Analysts await Cree, Inc. (NASDAQ:CREE) to report earnings on August, 28. They expect $-0.02 earnings per share, up 50.00% or $0.02 from last year’s $-0.04 per share. After $-0.07 actual earnings per share reported by Cree, Inc. for the previous quarter, Wall Street now forecasts -71.43% EPS growth.

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 $1.96 billion for 16.08 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.

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 62 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Piper Jaffray on Thursday, February 8. The rating was maintained by Edward Jones on Thursday, April 19 with “Buy”. Cowen & Co maintained the shares of PM in report on Friday, October 20 with “Buy” rating. The firm has “Buy” rating given on Thursday, July 20 by Cowen & Co. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 19 report. Jefferies maintained the stock with “Hold” rating in Tuesday, June 20 report. The firm earned “Overweight” rating on Tuesday, January 30 by Morgan Stanley. The stock has “Buy” rating by Goldman Sachs on Thursday, September 28. Piper Jaffray maintained it with “Buy” rating and $10500 target in Thursday, April 19 report. Cowen & Co maintained the shares of PM in report on Friday, February 9 with “Buy” rating.

More important recent Philip Morris International Inc. (NYSE:PM) news were published by: Seekingalpha.com which released: “Philip Morris adjusts full-year guidance” on May 09, 2018, also Seekingalpha.com published article titled: “Philip Morris: No Dividend Cut Coming”, Seekingalpha.com published: “The Fall Of 2 Dividend Champions” on May 15, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) was released by: Finance.Yahoo.com and their article: “A Look At The Fair Value Of Philip Morris International Inc (NYSE:PM)” with publication date: April 19, 2018.

Since February 21, 2018, it had 4 insider purchases, and 3 insider sales for $6.75 million activity. CAMILLERI LOUIS C had sold 100,000 shares worth $8.21M. Shares for $3.97M were bought by Geissler Werner. $248,282 worth of Philip Morris International Inc. (NYSE:PM) shares were bought by Whitson Jerry. 6,000 shares were bought by Zielinski Miroslaw, worth $489,360 on Friday, April 27. CALANTZOPOULOS ANDRE had sold 49,000 shares worth $5.08M. FIRESTONE MARC S sold $1.43 million worth of stock or 13,650 shares.

Investors sentiment increased to 1.11 in Q4 2017. Its up 0.14, from 0.97 in 2017Q3. It increased, 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. Texas Yale Corp stated it has 19,518 shares. Mutual Of Omaha Fincl Bank Wealth Management owns 11,868 shares for 0.34% of their portfolio. Moreover, Chickasaw Cap Mgmt has 0.09% invested in Philip Morris International Inc. (NYSE:PM). Segment Wealth Mgmt invested in 0.66% or 25,699 shares. Farmers And Merchants invested in 3,180 shares. Advsrs Cap Mngmt Limited Liability holds 1.35% in Philip Morris International Inc. (NYSE:PM) or 161,315 shares. Employees Retirement Systems Of Texas invested 0.63% in Philip Morris International Inc. (NYSE:PM). New Jersey Better Educational Savings Tru stated it has 1.07% in Philip Morris International Inc. (NYSE:PM). The Pennsylvania-based S&T National Bank Pa has invested 0.03% in Philip Morris International Inc. (NYSE:PM). Signature Finance Mngmt holds 0.09% in Philip Morris International Inc. (NYSE:PM) or 3,247 shares. Mufg Americas Holding Corporation invested in 0.43% or 136,364 shares. Nadler Fincl Grp has invested 0.14% in Philip Morris International Inc. (NYSE:PM). Intrust Bank Na has invested 0.35% in Philip Morris International Inc. (NYSE:PM). Forte Capital Lc Adv has 0.21% invested in Philip Morris International Inc. (NYSE:PM) for 6,767 shares. First Interstate State Bank holds 0.1% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 4,600 shares.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.