Eqis Capital Management Has Upped Cummins Com (CMI) Holding By $326,832; Virtus Investment Advisers Lifted Philip Morris Intl (PM) Stake By $5.78 Million

April 25, 2018 - By Clifton Ray

Philip Morris International Inc. (NYSE:PM) Logo

Eqis Capital Management Inc increased Cummins Inc Com (CMI) stake by 6.79% reported in 2017Q4 SEC filing. Eqis Capital Management Inc acquired 1,857 shares as Cummins Inc Com (CMI)’s stock declined 9.68%. The Eqis Capital Management Inc holds 29,194 shares with $5.16 million value, up from 27,337 last quarter. Cummins Inc Com now has $26.55 billion valuation. The stock decreased 4.55% or $7.69 during the last trading session, reaching $161.33. About 2.62M shares traded or 51.16% up from the average. Cummins Inc. (NYSE:CMI) has risen 6.07% since April 25, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Virtus Investment Advisers Inc increased Philip Morris Intl Inc (PM) stake by 1404.45% reported in 2017Q4 SEC filing. Virtus Investment Advisers Inc acquired 825,211 shares as Philip Morris Intl Inc (PM)’s stock declined 7.57%. The Virtus Investment Advisers Inc holds 883,968 shares with $6.40M value, up from 58,757 last quarter. Philip Morris Intl Inc now has $128.23 billion valuation. The stock decreased 1.41% or $1.18 during the last trading session, reaching $82.49. About 13.90 million shares traded or 114.12% 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.

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. Acropolis Inv Management Ltd Company accumulated 1,055 shares. Birmingham Mngmt Al owns 4,525 shares for 0.18% of their portfolio. Duncker Streett & invested in 15,454 shares or 0.42% of the stock. The New York-based Spirit Of America Corporation Ny has invested 0.15% in Philip Morris International Inc. (NYSE:PM). Hendley And Company has 0.82% invested in Philip Morris International Inc. (NYSE:PM) for 15,196 shares. Telemus Cap Ltd Liability Corp holds 29,473 shares. Tradition Limited Liability Corporation has 0.26% invested in Philip Morris International Inc. (NYSE:PM) for 9,181 shares. Tradewinds Cap Mgmt Ltd holds 1,648 shares. Fort Washington Inv Advsrs Oh reported 320,821 shares. Visionary Asset holds 25,113 shares or 0.74% of its portfolio. Panagora Asset reported 604,325 shares or 0.24% of all its holdings. Welch And Forbes Lc holds 0.07% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 23,055 shares. Sta Wealth Management Ltd Liability Corporation accumulated 0.17% or 6,043 shares. Pictet North America Advsr Sa has invested 0.32% in Philip Morris International Inc. (NYSE:PM). Great Lakes Ltd holds 647,423 shares or 1.5% of its portfolio.

Virtus Investment Advisers Inc decreased Borgwarner Inc (NYSE:BWA) stake by 8,034 shares to 50,057 valued at $2.56M in 2017Q4. It also reduced Spdr Series Trust (JNK) stake by 58,390 shares and now owns 32,660 shares. Amphenol Corp New (NYSE:APH) was reduced too.

Since February 21, 2018, it had 0 buys, and 2 insider sales for $6.51 million activity. The insider FIRESTONE MARC S sold 13,650 shares worth $1.43 million. Shares for $5.08 million were sold by CALANTZOPOULOS ANDRE on Wednesday, February 21.

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. Vetr upgraded Philip Morris International Inc. (NYSE:PM) on Monday, August 24 to “Buy” rating. The company was upgraded on Wednesday, February 28 by Citigroup. The company was maintained on Wednesday, October 5 by Jefferies. The rating was maintained by Cowen & Co on Friday, October 20 with “Buy”. The rating was maintained by Jefferies on Tuesday, June 20 with “Hold”. Morgan Stanley maintained it with “Overweight” rating and $123 target in Tuesday, January 30 report. The rating was upgraded by Nomura to “Neutral” on Monday, November 30. The firm earned “Buy” rating on Tuesday, October 10 by Wells Fargo. The rating was maintained by Jefferies with “Hold” on Thursday, October 12. SBG Securities upgraded the shares of PM in report on Friday, August 11 to “Hold” rating.

Eqis Capital Management Inc decreased Nike Inc (NYSE:NKE) stake by 5,457 shares to 58,204 valued at $3.64 million in 2017Q4. It also reduced Ishares Inc Gl Hg Yl Cp Bd stake by 10,233 shares and now owns 27,809 shares. China Pete & Chem Corp (NYSE:SNP) was reduced too.

Cummins Inc. (NYSE:CMI) Institutional Positions Chart

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