Philip Morris Intl (PM) Market Valuation Declined While Pinnacle Financial Partners Has Increased Position by $437,580; Rock Springs Capital Management LP Decreased Position in Align Technology (ALGN) by $313,750

June 17, 2018 - By Michael Collier

Philip Morris International Inc. (NYSE:PM) Logo

Pinnacle Financial Partners Inc increased its stake in Philip Morris Intl Inc (PM) by 10.47% based on its latest 2018Q1 regulatory filing with the SEC. Pinnacle Financial Partners Inc bought 4,420 shares as the company’s stock declined 24.69% with the market. The institutional investor held 46,624 shares of the farming and seeds and milling company at the end of 2018Q1, valued at $4.63 million, up from 42,204 at the end of the previous reported quarter. Pinnacle Financial Partners Inc who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $127.28 billion market cap company. The stock increased 1.27% or $1.03 during the last trading session, reaching $81.88. About 13.31M shares traded or 86.53% up from the average. Philip Morris International Inc. (NYSE:PM) has declined 32.76% since June 17, 2017 and is downtrending. It has underperformed by 45.33% the S&P500. Some Historical PM News: 19/04/2018 – PHILIP MORRIS BOOSTS 2018 FORECAST ON LOWER EFFECTIVE TAX RATE; 19/04/2018 – Philip Morris 1Q European Union Cigarette and Heated Tobacco Unit Volume Down 5%; 15/03/2018 – FDA seeks research, public input in fresh move to curb nicotine addiction; 19/04/2018 – Philip Morris Tops Profit Estimates But Revenue Falls Short — MarketWatch; 19/04/2018 – Philip Morris on track for worst day in a decade as iQOS growth in Japan ‘plateaus’; 10/04/2018 – Tobacco giant Philip Morris International received a “buy” rating in new coverage from Deutsche Bank; 30/05/2018 – Tobacco-Free Kids: Sick Joke — Philip Morris Repeats Call for Smoke-Free Future While It Aggressively Markets Cigarettes and F; 08/05/2018 – Philip Morris could be a ‘value trap’ with the rise of Juul, @JimCramer warns in the lightning round; 29/05/2018 – Altria, Reynolds, Lorillard, and Philip Morris Ordered to Issue Corrective Statements on Nicotine Addiction; 22nd Century’s; 19/04/2018 – Philip Morris International said growth of iQOS, its heat-not-burn tobacco product, slowed in Japan

Rock Springs Capital Management Lp decreased its stake in Align Technology Inc (ALGN) by 1.87% based on its latest 2018Q1 regulatory filing with the SEC. Rock Springs Capital Management Lp sold 1,250 shares as the company’s stock rose 19.49% while stock markets declined. The hedge fund held 65,500 shares of the health care company at the end of 2018Q1, valued at $16.45M, down from 66,750 at the end of the previous reported quarter. Rock Springs Capital Management Lp who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $29.07 billion market cap company. The stock decreased 0.99% or $3.61 during the last trading session, reaching $362.66. About 925,390 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 125.29% since June 17, 2017 and is uptrending. It has outperformed by 112.72% the S&P500. Some Historical ALGN News: 25/04/2018 – ALIGN TECHNOLOGY INC – SDC ENTITIES SEEKING TO PRELIMINARILY AND PERMANENTLY ENJOIN ALL ACTIVITIES RELATED TO INVISALIGN STORE PILOT PROJECT; 25/04/2018 – ALIGN TECHNOLOGY 1Q EPS $1.17, EST. 98C; 30/05/2018 – Align Technology CEO Sees Growth in All Markets (Video); 25/04/2018 – Align Technology 1Q Rev $436.9M; 23/05/2018 – ALIGN TECHNOLOGY INC – UPDATED ITS LONG-TERM FINANCIAL MODEL REVENUE GROWTH RATE TARGET FROM A RANGE OF 15-25% TO A RANGE OF 20-30%; 04/04/2018 – Align Technology Extends lnvisalign G5 Precision Bite Ramps to Vivera Retainers; 26/03/2018 – Hartford Growth Opportunities HLS Adds Align Technology; 01/05/2018 – 3Shape Launches Straight Talk Dental Coalition Seeking to Reinstate Interoperability between TRIOS and Align Technology’s Invis; 09/05/2018 – 3SHAPE SUES ALIGN TECHNOLOGIES FOR PATENT INFRINGEMENT; 06/03/2018 – Align Technology to Host Investor Day on May 23, 2018

Investors sentiment decreased to 0.91 in Q1 2018. Its down 0.20, from 1.11 in 2017Q4. It is negative, 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. Proshare Advisors Ltd Liability owns 239,207 shares. 259,662 are owned by Commerzbank Aktiengesellschaft Fi. Wesbanco Bancshares Incorporated holds 0.14% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 27,181 shares. 5,180 are held by Copeland Management Ltd. Cypress Asset Tx accumulated 0.18% or 6,235 shares. Sequoia Financial Limited Com has invested 0.03% in Philip Morris International Inc. (NYSE:PM). New England Retirement Gp has 1.32% invested in Philip Morris International Inc. (NYSE:PM) for 24,269 shares. Mirae Asset Global Invs invested 0.11% of its portfolio in Philip Morris International Inc. (NYSE:PM). Pub Sector Pension Investment Board holds 0.06% or 86,699 shares. Blue Edge Lc holds 0% or 3,640 shares in its portfolio. Logan Cap Mgmt invested in 174,769 shares. Meiji Yasuda Life Insurance has 35,763 shares. Moreover, Tiedemann Advsr Ltd Liability Corporation has 0.1% invested in Philip Morris International Inc. (NYSE:PM). 2.97 million are held by Pnc Svcs Grp Incorporated Incorporated. Williams Jones & Assocs Ltd Liability Co owns 27,708 shares.

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Streetinsider.com which released: “Philip Morris (PM) Announces Positive Results from New Clinical Study on IQOS (Earlier)” on June 15, 2018, also Seekingalpha.com with their article: “The Pain Of Philip Morris” published on June 12, 2018, Seekingalpha.com published: “Philip Morris: A Killer Stock” on June 08, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Fool.com and their article: “3 Reasons Philip Morris International Investors Should Be More Afraid Than Ever” published on June 01, 2018 as well as Seekingalpha.com‘s news article titled: “Philip Morris: No Buyback Now” with publication date: June 04, 2018.

Pinnacle Financial Partners Inc, which manages about $985.31M US Long portfolio, decreased its stake in American Tower Corp New (NYSE:AMT) by 13,736 shares to 25,015 shares, valued at $3.64M in 2018Q1, according to the filing. It also reduced its holding in Yum China Hldgs Inc by 10,096 shares in the quarter, leaving it with 26,016 shares, and cut its stake in Oracle Corp (NYSE:ORCL).

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 rating was maintained by Stifel Nicolaus with “Buy” on Friday, April 20. Jefferies maintained Philip Morris International Inc. (NYSE:PM) on Tuesday, September 26 with “Hold” rating. The stock of Philip Morris International Inc. (NYSE:PM) earned “Neutral” rating by JP Morgan on Tuesday, April 19. The stock has “Buy” rating by Piper Jaffray on Friday, October 13. The company was downgraded on Wednesday, January 4 by Bank of America. As per Thursday, October 12, the company rating was maintained by Jefferies. As per Friday, January 19, the company rating was upgraded by Jefferies. Cowen & Co maintained the stock with “Buy” rating in Thursday, July 20 report. The firm earned “Buy” rating on Thursday, March 24 by Bank of America. The stock has “Buy” rating by Cowen & Co on Monday, August 21.

Since February 21, 2018, it had 4 buys, and 3 sales for $6.75 million activity. Another trade for 49,000 shares valued at $5.08 million was sold by CALANTZOPOULOS ANDRE. CAMILLERI LOUIS C sold $8.21 million worth of stock or 100,000 shares. On Friday, April 27 Zielinski Miroslaw bought $489,360 worth of Philip Morris International Inc. (NYSE:PM) or 6,000 shares. On Friday, May 11 the insider Geissler Werner bought $3.97 million. On Wednesday, February 21 the insider FIRESTONE MARC S sold $1.43M. Whitson Jerry also bought $248,282 worth of Philip Morris International Inc. (NYSE:PM) shares.

More important recent Align Technology, Inc. (NASDAQ:ALGN) news were published by: Globenewswire.com which released: “Align Technology to Speak at Upcoming Financial Conferences” on June 06, 2018, also Nasdaq.com published article titled: “Align Technology Global Funding Awarded Towards Advancing Orthodontic and Dental Research”, Seekingalpha.com published: “Best And Worst Performing Nasdaq 100 Stocks Of 2018” on May 25, 2018. More interesting news about Align Technology, Inc. (NASDAQ:ALGN) was released by: Investorplace.com and their article: “The Top 20 Stocks of 2018” with publication date: June 12, 2018.

Rock Springs Capital Management Lp, which manages about $319.00 million and $2.34B US Long portfolio, upped its stake in Inogen Inc (NASDAQ:INGN) by 30,500 shares to 110,500 shares, valued at $13.57 million in 2018Q1, according to the filing. It also increased its holding in Amicus Therapeutics Inc (NASDAQ:FOLD) by 90,000 shares in the quarter, for a total of 1.00M shares, and has risen its stake in Prothena Corp Plc (Call) (NASDAQ:PRTA).

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.07, from 0.93 in 2017Q4. It is negative, as 41 investors sold ALGN shares while 216 reduced holdings. 77 funds opened positions while 143 raised stakes. 60.14 million shares or 1.24% less from 60.90 million shares in 2017Q4 were reported. Lord Abbett Co Limited has 250,630 shares. Dimensional Fund Advisors LP holds 0.04% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN) for 371,174 shares. Oppenheimer Asset Mngmt has 0.08% invested in Align Technology, Inc. (NASDAQ:ALGN). Bluestein R H & reported 0.03% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Suntrust Banks holds 3,511 shares or 0.01% of its portfolio. Panagora Asset Mngmt has 0.01% invested in Align Technology, Inc. (NASDAQ:ALGN). Axiom Investors Limited Liability Company De owns 72,022 shares. Mitsubishi Ufj Trust And Banking Corporation holds 159,128 shares or 0.07% of its portfolio. Northern Trust invested in 0.06% or 971,165 shares. The Massachusetts-based Amundi Pioneer Asset Management has invested 0.06% in Align Technology, Inc. (NASDAQ:ALGN). Global X Company Lc holds 0.01% or 2,895 shares in its portfolio. Ashfield Cap Prns Limited Liability has 2.78% invested in Align Technology, Inc. (NASDAQ:ALGN) for 85,048 shares. Prudential Public Limited Liability owns 0% invested in Align Technology, Inc. (NASDAQ:ALGN) for 900 shares. Riverpark Advsr Ltd Limited Liability Company reported 10,634 shares. Moreover, State Board Of Administration Of Florida Retirement System has 0.08% invested in Align Technology, Inc. (NASDAQ:ALGN).

Among 17 analysts covering Align Technology (NASDAQ:ALGN), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Align Technology had 69 analyst reports since July 27, 2015 according to SRatingsIntel. On Wednesday, November 18 the stock rating was initiated by Piper Jaffray with “Overweight”. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Hold” rating by Stephens on Friday, January 19. Stifel Nicolaus maintained Align Technology, Inc. (NASDAQ:ALGN) on Tuesday, November 21 with “Buy” rating. The rating was maintained by Morgan Stanley on Thursday, April 26 with “Equal-Weight”. Robert W. Baird maintained it with “Buy” rating and $290.0 target in Tuesday, November 28 report. Morgan Stanley maintained the shares of ALGN in report on Monday, June 19 with “Buy” rating. The stock has “Outperform” rating by Leerink Swann on Friday, July 28. Jefferies maintained it with “Buy” rating and $185.0 target in Wednesday, September 13 report. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Credit Suisse on Wednesday, January 31. Robert W. Baird maintained Align Technology, Inc. (NASDAQ:ALGN) on Thursday, April 26 with “Buy” rating.

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on July, 26. They expect $1.06 EPS, up 24.71% or $0.21 from last year’s $0.85 per share. ALGN’s profit will be $84.96M for 85.53 P/E if the $1.06 EPS becomes a reality. After $1.17 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -9.40% negative EPS growth.

Since February 2, 2018, it had 2 buys, and 15 selling transactions for $61.37 million activity. Hockridge Stuart A sold $1.37 million worth of stock. GEORGE ROGER E bought $1.11 million worth of stock. $1.78 million worth of Align Technology, Inc. (NASDAQ:ALGN) shares were sold by SANTORA GREG J. 4,067 shares were sold by Saia Andrea Lynn, worth $1.27M. 15,000 shares valued at $3.97 million were sold by LARKIN C RAYMOND JR on Monday, May 7. $3.32 million worth of Align Technology, Inc. (NASDAQ:ALGN) was sold by LACOB JOSEPH.

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

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