As Texas Pac Ld Tr (TPL) Stock Declined, Lagoda Investment Management LP Has Boosted Its Holding; Cooke & Bieler LP Holding in Philip Morris Int’l (PM) Cut by $702,186 as Market Value Rose

February 24, 2018 - By Henry Gaston

Cooke & Bieler Lp decreased its stake in Philip Morris Int’l (PM) by 1.21% based on its latest 2017Q3 regulatory filing with the SEC. Cooke & Bieler Lp sold 6,326 shares as the company’s stock rose 10.69% with the market. The institutional investor held 514,371 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $57.10M, down from 520,697 at the end of the previous reported quarter. Cooke & Bieler Lp who had been investing in Philip Morris Int’l for a number of months, seems to be less bullish one the $164.81 billion market cap company. The stock increased 3.04% or $3.13 during the last trading session, reaching $106.11. About 4.82M shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since February 24, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Lagoda Investment Management Lp increased its stake in Texas Pac Ld Tr (TPL) by 102.68% based on its latest 2017Q3 regulatory filing with the SEC. Lagoda Investment Management Lp bought 10,097 shares as the company’s stock declined 4.81% while stock markets rallied. The institutional investor held 19,930 shares of the oil & gas production company at the end of 2017Q3, valued at $8.05M, up from 9,833 at the end of the previous reported quarter. Lagoda Investment Management Lp who had been investing in Texas Pac Ld Tr for a number of months, seems to be bullish on the $4.12B market cap company. The stock increased 2.66% or $13.6029 during the last trading session, reaching $525.6029. About 13,210 shares traded. Texas Pacific Land Trust (NYSE:TPL) has risen 81.36% since February 24, 2017 and is uptrending. It has outperformed by 64.66% the S&P500.

Investors sentiment decreased to 1.12 in 2017 Q3. Its down 0.10, from 1.22 in 2017Q2. It fall, as 8 investors sold TPL shares while 33 reduced holdings. 23 funds opened positions while 23 raised stakes. 2.87 million shares or 0.06% less from 2.88 million shares in 2017Q2 were reported. Wellington Management Group Incorporated Llp reported 0% in Texas Pacific Land Trust (NYSE:TPL). Moreover, Arbiter Ptnrs Mgmt Ltd Limited Liability Company has 0.28% invested in Texas Pacific Land Trust (NYSE:TPL). Moors And Cabot holds 0.3% of its portfolio in Texas Pacific Land Trust (NYSE:TPL) for 5,097 shares. Glenmede Tru Na invested in 0% or 100 shares. Ubs Asset Americas Inc stated it has 0% of its portfolio in Texas Pacific Land Trust (NYSE:TPL). Goldman Sachs holds 0% or 1,418 shares in its portfolio. Mad River Invsts has invested 25.21% in Texas Pacific Land Trust (NYSE:TPL). Ledyard National Bank & Trust holds 0.01% or 100 shares. Brown Advisory Incorporated holds 3,643 shares or 0% of its portfolio. Geode Capital Ltd Liability Co has invested 0% in Texas Pacific Land Trust (NYSE:TPL). Pinnacle Associates Limited, a New York-based fund reported 1,600 shares. Swiss Comml Bank has invested 0% in Texas Pacific Land Trust (NYSE:TPL). Kennedy Mgmt Inc has invested 0.07% in Texas Pacific Land Trust (NYSE:TPL). Financial Mngmt Pro Incorporated accumulated 0.02% or 124 shares. Horizon Kinetics Limited Liability Company holds 1.78M shares or 21.15% of its portfolio.

Lagoda Investment Management Lp, which manages about $725.00M and $276.68M US Long portfolio, decreased its stake in Novo (NYSE:NVO) by 17,619 shares to 419,324 shares, valued at $20.19M in 2017Q3, according to the filing. It also reduced its holding in Ubiquiti Networks Inc (NASDAQ:UBNT) by 14,817 shares in the quarter, leaving it with 441,077 shares, and cut its stake in Intrexon Corp (NYSE:XON).

Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.09, from 0.88 in 2017Q2. It is positive, as 55 investors sold PM shares while 524 reduced holdings. 112 funds opened positions while 452 raised stakes. 1.10 billion shares or 0.12% more from 1.10 billion shares in 2017Q2 were reported. Stanley owns 20,962 shares or 0.62% of their US portfolio. First Personal stated it has 2,481 shares. Archford Cap Strategies Limited Liability Corporation stated it has 1.08% of its portfolio in Philip Morris International Inc. (NYSE:PM). Callahan Advsr Limited Liability Corp holds 0.14% or 6,147 shares in its portfolio. Webster Commercial Bank N A reported 0.18% of its portfolio in Philip Morris International Inc. (NYSE:PM). Wms Partners Lc owns 29,350 shares. Greenwich Wealth Limited Liability Corp has invested 0.06% in Philip Morris International Inc. (NYSE:PM). Heritage Wealth stated it has 70,496 shares or 3.94% of all its holdings. Stephens Ar accumulated 155,081 shares. Moreover, Aviva Plc has 0.82% invested in Philip Morris International Inc. (NYSE:PM) for 1.38 million shares. Jolley Asset Management Limited Company, North Carolina-based fund reported 3,979 shares. Utd Svcs Automobile Association reported 0.45% stake. Apriem Advsr reported 3,338 shares. Gateway Invest Advisers Lc holds 0.82% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 857,926 shares. Nationwide Fund Advsrs holds 702,271 shares or 0.31% of its portfolio.

Since August 30, 2017, it had 0 buys, and 2 selling transactions for $13.44 million activity. The insider CAMILLERI LOUIS C sold 108,979 shares worth $11.81 million.

Among 19 analysts covering Philip Morris International (NYSE:PM), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Philip Morris International had 54 analyst reports since August 24, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, August 31 report. Citigroup maintained it with “Neutral” rating and $117 target in Friday, October 20 report. The company was initiated on Wednesday, September 21 by Jefferies. The company was maintained on Wednesday, April 20 by Goldman Sachs. On Monday, July 17 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was upgraded by Vetr on Monday, August 24 to “Buy”. The stock of Philip Morris International Inc. (NYSE:PM) has “Overweight” rating given on Tuesday, January 30 by Morgan Stanley. As per Thursday, March 24, the company rating was upgraded by Bank of America. Wells Fargo maintained the stock with “Buy” rating in Wednesday, November 15 report. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Tuesday, June 20 by Jefferies.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on April, 19. They expect $0.87 earnings per share, down 11.22% or $0.11 from last year’s $0.98 per share. PM’s profit will be $1.35 billion for 30.49 P/E if the $0.87 EPS becomes a reality. After $1.31 actual earnings per share reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts -33.59% negative EPS growth.

Cooke & Bieler Lp, which manages about $4.81 billion and $5.38 billion US Long portfolio, upped its stake in Brookfield Asset Management In (NYSE:BAM) by 424,352 shares to 2.48M shares, valued at $102.45 million in 2017Q3, according to the filing. It also increased its holding in Malibu Boats Inc (NASDAQ:MBUU) by 38,590 shares in the quarter, for a total of 365,820 shares, and has risen its stake in Renaissancere (NYSE:RNR).

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