Axa Trimmed Its Philip Morris Intl (PM) Stake by $7.93 Million as Valuation Rose; Mitsubishi Ufj Trust & Banking Has Decreased Stake in Boeing Co. (BA) by $1.97 Million

December 18, 2017 - By Winifred Garcia

Axa decreased its stake in Philip Morris Intl Inc (PM) by 13.08% based on its latest 2017Q2 regulatory filing with the SEC. Axa sold 67,751 shares as the company’s stock rose 10.69% with the market. The institutional investor held 450,055 shares of the farming and seeds and milling company at the end of 2017Q2, valued at $52.86M, down from 517,806 at the end of the previous reported quarter. Axa who had been investing in Philip Morris Intl Inc for a number of months, seems to be less bullish one the $170.36B market cap company. The stock increased 1.86% or $2 during the last trading session, reaching $109.68. About 11.08 million shares traded or 162.96% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since December 18, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Mitsubishi Ufj Trust & Banking Corp decreased its stake in Boeing Co. (BA) by 0.84% based on its latest 2017Q2 regulatory filing with the SEC. Mitsubishi Ufj Trust & Banking Corp sold 9,984 shares as the company’s stock rose 4.66% with the market. The institutional investor held 1.17M shares of the aerospace company at the end of 2017Q2, valued at $232.25 million, down from 1.18 million at the end of the previous reported quarter. Mitsubishi Ufj Trust & Banking Corp who had been investing in Boeing Co. for a number of months, seems to be less bullish one the $175.06 billion market cap company. The stock increased 0.02% or $0.06 during the last trading session, reaching $293.94. About 6.93M shares traded or 120.37% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since December 18, 2016 and is uptrending. It has outperformed by 24.43% the S&P500.

Investors sentiment decreased to 0.86 in 2017 Q2. Its down 0.06, from 0.92 in 2017Q1. It dived, as 62 investors sold BA shares while 534 reduced holdings. 124 funds opened positions while 388 raised stakes. 419.99 million shares or 3.18% less from 433.79 million shares in 2017Q1 were reported. The California-based National Bank & Trust Of The West has invested 0.07% in The Boeing Company (NYSE:BA). Eastern Bank stated it has 0.15% in The Boeing Company (NYSE:BA). Lincoln holds 0.04% or 4,209 shares in its portfolio. Cibc World Mkts stated it has 403,666 shares or 0.84% of all its holdings. Ny State Teachers Retirement reported 989,189 shares. Marietta Investment Partners Ltd Liability Com holds 0.24% or 3,850 shares. Cwm Lc holds 0.02% of its portfolio in The Boeing Company (NYSE:BA) for 1,533 shares. Boston Research & Mgmt holds 0.16% or 1,500 shares in its portfolio. Amp Invsts Limited accumulated 0.33% or 285,027 shares. Redwood Invests Ltd Liability Com owns 83 shares. Smith Chas P & Associate Pa Cpas reported 86,791 shares. Holderness Invs has 1.3% invested in The Boeing Company (NYSE:BA) for 12,369 shares. Ngam Advsrs Ltd Partnership holds 0.08% of its portfolio in The Boeing Company (NYSE:BA) for 37,369 shares. Messner & Smith Theme Value Management Ca reported 1.01% stake. Rmb Mgmt Ltd Liability Corporation invested in 0.02% or 3,549 shares.

Since July 31, 2017, it had 0 insider purchases, and 5 insider sales for $20.35 million activity. Shares for $4.85 million were sold by Smith Gregory D on Monday, July 31. Shares for $32,321 were sold by Downey Thomas J on Monday, August 7. $1.02 million worth of The Boeing Company (NYSE:BA) was sold by CAPOZZI HEIDI B. Another trade for 2,522 shares valued at $616,499 was made by Verbeck Robert E on Monday, July 31.

Among 21 analysts covering Boeing (NYSE:BA), 13 have Buy rating, 1 Sell and 7 Hold. Therefore 62% are positive. Boeing had 83 analyst reports since August 26, 2015 according to SRatingsIntel. Wells Fargo downgraded The Boeing Company (NYSE:BA) on Friday, December 18 to “Market Perform” rating. Buckingham Research upgraded The Boeing Company (NYSE:BA) on Thursday, February 18 to “Neutral” rating. The rating was maintained by Cowen & Co with “Buy” on Friday, December 1. Robert W. Baird maintained the shares of BA in report on Thursday, July 27 with “Buy” rating. The rating was maintained by Jefferies on Monday, October 23 with “Buy”. The rating was maintained by RBC Capital Markets on Thursday, January 28 with “Sector Perform”. The firm earned “Buy” rating on Tuesday, October 24 by Credit Suisse. As per Wednesday, October 26, the company rating was downgraded by Standpoint Research. Robert W. Baird initiated it with “Outperform” rating and $161 target in Thursday, October 6 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, February 12 report.

Mitsubishi Ufj Trust & Banking Corp, which manages about $51.75 billion US Long portfolio, upped its stake in Iron Mountain Inc (NYSE:IRM) by 158,973 shares to 897,487 shares, valued at $30.84 million in 2017Q2, according to the filing. It also increased its holding in Lincoln National Co (NYSE:LNC) by 21,852 shares in the quarter, for a total of 536,110 shares, and has risen its stake in Citizens Financial G (NYSE:CFG).

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 24. They expect $2.88 EPS, up 16.60% or $0.41 from last year’s $2.47 per share. BA’s profit will be $1.72 billion for 25.52 P/E if the $2.88 EPS becomes a reality. After $2.72 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.88% EPS growth.

Since August 30, 2017, it had 0 insider buys, and 2 selling transactions for $13.44 million activity. Azinovic Drago sold $1.62M worth of stock or 14,000 shares.

Axa, which manages about $22.03 billion US Long portfolio, upped its stake in Ameren Corp (NYSE:AEE) by 88,300 shares to 102,813 shares, valued at $5.62 million in 2017Q2, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 32,226 shares in the quarter, for a total of 3.75 million shares, and has risen its stake in Ishares (EWA).

Among 19 analysts covering Philip Morris International (NYSE:PM), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Philip Morris International had 47 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Goldman Sachs on Monday, September 12. As per Tuesday, September 13, the company rating was initiated by Citigroup. Jefferies maintained Philip Morris International Inc. (NYSE:PM) rating on Wednesday, October 5. Jefferies has “Hold” rating and $99 target. The firm has “Buy” rating given on Friday, August 18 by Piper Jaffray. The rating was initiated by Jefferies with “Hold” on Wednesday, September 21. As per Thursday, April 21, the company rating was upgraded by Societe Generale. SBG Securities upgraded Philip Morris International Inc. (NYSE:PM) on Friday, August 11 to “Hold” rating. The stock of Philip Morris International Inc. (NYSE:PM) has “Hold” rating given on Tuesday, September 26 by Jefferies. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 19 report. The firm has “Hold” rating given on Thursday, October 12 by Jefferies.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.03, from 0.91 in 2017Q1. It dived, as 53 investors sold PM shares while 558 reduced holdings. 118 funds opened positions while 421 raised stakes. 1.10 billion shares or 0.43% less from 1.10 billion shares in 2017Q1 were reported. Summit Asset Mngmt holds 0.22% or 3,465 shares. Regentatlantic Capital Ltd holds 0.23% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 21,888 shares. 35,732 were reported by Stock Yards Bancshares &. Fiduciary Tru holds 0.21% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 57,331 shares. Norinchukin Natl Bank The holds 0.47% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 192,788 shares. Guardian Capital Lp stated it has 27,871 shares or 0.05% of all its holdings. Trust Co Of Toledo Na Oh invested in 5,443 shares or 0.17% of the stock. Sentinel Lba reported 0.28% stake. Atalanta Sosnoff Ltd Liability owns 461,641 shares or 1.91% of their US portfolio. Maryland Capital holds 0.47% in Philip Morris International Inc. (NYSE:PM) or 27,746 shares. Liberty Cap Mngmt reported 0.04% stake. Regal Advsr Ltd Co holds 0.1% in Philip Morris International Inc. (NYSE:PM) or 3,563 shares. Noesis Mangement Corporation invested in 16,908 shares. Homrich And Berg holds 0.23% in Philip Morris International Inc. (NYSE:PM) or 22,333 shares. Novare Capital Management Limited Liability Company invested in 0.05% or 1,842 shares.

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on February, 1. They expect $1.37 EPS, up 24.55% or $0.27 from last year’s $1.1 per share. PM’s profit will be $2.13B for 20.01 P/E if the $1.37 EPS becomes a reality. After $1.27 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 7.87% EPS growth.