Abner Herrman & Brock Cut Philip Morris International In (PM) Stake By $1.65 Million; International Bancshares (IBOC) Has 1.23 Sentiment

April 25, 2018 - By Jonathan Benavides

Philip Morris International Inc. (NYSE:PM) Logo

International Bancshares Corp (IBOC) investors sentiment increased to 1.23 in Q4 2017. It’s up 0.58, from 0.65 in 2017Q3. The ratio is positive, as 74 active investment managers increased or opened new holdings, while 60 sold and decreased their stock positions in International Bancshares Corp. The active investment managers in our database reported: 36.49 million shares, down from 36.64 million shares in 2017Q3. Also, the number of active investment managers holding International Bancshares Corp in top ten holdings decreased from 2 to 1 for a decrease of 1. Sold All: 10 Reduced: 50 Increased: 54 New Position: 20.

Abner Herrman & Brock Llc decreased Philip Morris International In (PM) stake by 18.53% reported in 2017Q4 SEC filing. Abner Herrman & Brock Llc sold 15,683 shares as Philip Morris International In (PM)’s stock declined 7.57%. The Abner Herrman & Brock Llc holds 68,972 shares with $7.29M value, down from 84,655 last quarter. Philip Morris International In now has $128.23 billion valuation. The stock decreased 1.41% or $1.18 during the last trading session, reaching $82.49. About 13.90M shares traded or 109.09% up from the average. Philip Morris International Inc. (NYSE:PM) has declined 13.93% since April 25, 2017 and is downtrending. It has underperformed by 25.48% the S&P500.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $1.02 million activity.

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. The company has market cap of $2.71 billion. It accepts checking and saving deposits, as well as demand and time deposits from individuals, partnerships, firms, and public entities; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. It has a 17.39 P/E ratio. The firm also provides international banking services, including letters of credit, commercial and industrial loans, and currency exchange.

The stock increased 0.86% or $0.35 during the last trading session, reaching $41.05. About 133,697 shares traded. International Bancshares Corporation (IBOC) has risen 11.72% since April 25, 2017 and is uptrending. It has outperformed by 0.17% the S&P500.

Sol Capital Management Co holds 3.72% of its portfolio in International Bancshares Corporation for 328,025 shares. Polaris Capital Management Llc owns 1.02 million shares or 1.9% of their US portfolio. Moreover, Piermont Capital Management Inc. has 0.87% invested in the company for 67,090 shares. The Minnesota-based Foundry Partners Llc has invested 0.64% in the stock. Hancock Holding Co, a Mississippi-based fund reported 282,910 shares.

Investors sentiment increased to 1.11 in Q4 2017. Its up 0.14, from 0.97 in 2017Q3. It is positive, 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. Clarkston Cap Limited Liability Corp reported 4,712 shares or 0.02% of all its holdings. Moreover, Ancora Advisors Ltd Com has 0.12% invested in Philip Morris International Inc. (NYSE:PM). Empirical Svcs Ltd Llc holds 3,672 shares. Franklin Res holds 0.35% or 6.87M shares in its portfolio. Dixon Hubard Feinour & Brown Inc Va, a Virginia-based fund reported 5,749 shares. Warren Averett Asset Ltd Limited Liability Company holds 12,894 shares. Dock Street Asset Management has invested 0.11% in Philip Morris International Inc. (NYSE:PM). Cim Inv Mangement holds 0.41% or 11,458 shares in its portfolio. Jane Street Group reported 28,272 shares or 0.01% of all its holdings. 1,170 are held by Vestor Capital Ltd Liability Corporation. Bailard has invested 0.02% in Philip Morris International Inc. (NYSE:PM). Quantitative Systematic Strategies Limited Company reported 24,168 shares. Genesee Valley Trust invested 0.82% in Philip Morris International Inc. (NYSE:PM). Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 123,769 shares. Country Club Trust Na holds 0.07% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 4,935 shares.

Abner Herrman & Brock Llc increased Nucor Corp (NYSE:NUE) stake by 37,965 shares to 122,725 valued at $7.80M in 2017Q4. It also upped Citigroup Inc (NYSE:C) stake by 7,823 shares and now owns 225,628 shares. Hp Inc was raised too.

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 has $140.0 highest and $80 lowest target. $109.15’s average target is 32.32% above currents $82.49 stock price. Philip Morris International had 62 analyst reports since August 24, 2015 according to SRatingsIntel. Morgan Stanley maintained Philip Morris International Inc. (NYSE:PM) rating on Tuesday, January 30. Morgan Stanley has “Overweight” rating and $123 target. The stock has “Buy” rating by Vetr on Monday, August 24. SBG Securities upgraded the stock to “Hold” rating in Friday, August 11 report. Jefferies maintained the shares of PM in report on Tuesday, June 20 with “Hold” rating. The rating was upgraded by CLSA to “Buy” on Monday, November 14. The company was maintained on Friday, April 20 by Stifel Nicolaus. Goldman Sachs maintained Philip Morris International Inc. (NYSE:PM) rating on Monday, October 3. Goldman Sachs has “Buy” rating and $116 target. As per Friday, October 20, the company rating was upgraded by Societe Generale. On Thursday, October 19 the stock rating was maintained by Piper Jaffray with “Buy”. Piper Jaffray maintained it with “Buy” rating and $134.0 target in Friday, August 18 report.

Since February 21, 2018, it had 0 buys, and 2 insider sales for $6.51 million activity. 13,650 Philip Morris International Inc. (NYSE:PM) shares with value of $1.43 million were sold by FIRESTONE MARC S. Shares for $5.08 million were sold by CALANTZOPOULOS ANDRE on Wednesday, February 21.

International Bancshares Corporation (NASDAQ:IBOC) Institutional Positions Chart

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