Bluespruce Investments LP Boosted Its Stake in Mohawk Industries (MHK) by $22.38 Million; Philip Morris Intl (PM) Holder Veritas Investment Management Uk LTD Has Cut Position by $514,800 as Stock Value Rose

February 17, 2018 - By Migdalia James

Veritas Investment Management Uk Ltd decreased its stake in Philip Morris Intl (PM) by 25.36% based on its latest 2017Q3 regulatory filing with the SEC. Veritas Investment Management Uk Ltd sold 4,680 shares as the company’s stock rose 10.69% with the market. The institutional investor held 13,775 shares of the farming and seeds and milling company at the end of 2017Q3, valued at $1.53M, down from 18,455 at the end of the previous reported quarter. Veritas Investment Management Uk Ltd who had been investing in Philip Morris Intl for a number of months, seems to be less bullish one the $162.02 billion market cap company. The stock increased 0.60% or $0.62 during the last trading session, reaching $104.31. About 5.21 million shares traded or 1.43% up from the average. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since February 17, 2017 and is uptrending. It has underperformed by 0.05% the S&P500.

Bluespruce Investments Lp increased its stake in Mohawk Industries Inc (MHK) by 1230.51% based on its latest 2017Q3 regulatory filing with the SEC. Bluespruce Investments Lp bought 90,590 shares as the company’s stock rose 3.82% with the market. The hedge fund held 97,952 shares of the consumer durables company at the end of 2017Q3, valued at $24.24M, up from 7,362 at the end of the previous reported quarter. Bluespruce Investments Lp who had been investing in Mohawk Industries Inc for a number of months, seems to be bullish on the $18.57 billion market cap company. The stock decreased 1.09% or $2.74 during the last trading session, reaching $249.76. About 1.07M shares traded or 72.52% up from the average. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since February 17, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Since September 5, 2017, it had 0 buys, and 1 sale for $5.02 million activity.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.01, from 1.09 in 2017Q2. It is positive, as 27 investors sold MHK shares while 171 reduced holdings. 59 funds opened positions while 158 raised stakes. 55.82 million shares or 0.01% less from 55.83 million shares in 2017Q2 were reported. Ubs Oconnor Ltd Liability Com has 0.85% invested in Mohawk Industries, Inc. (NYSE:MHK). Alexandria Capital Ltd Liability Company stated it has 0% in Mohawk Industries, Inc. (NYSE:MHK). California-based Whittier Tru has invested 0% in Mohawk Industries, Inc. (NYSE:MHK). Carroll Financial Associates invested in 0% or 27 shares. Pictet Asset Ltd owns 0.11% invested in Mohawk Industries, Inc. (NYSE:MHK) for 152,827 shares. Fortaleza Asset Mgmt Incorporated owns 2,430 shares or 1.1% of their US portfolio. Millennium Mngmt Limited Company, a New York-based fund reported 294,007 shares. Moreover, State Street has 0.06% invested in Mohawk Industries, Inc. (NYSE:MHK) for 2.62M shares. Jennison Assocs Ltd Limited Liability Company, a New York-based fund reported 240,126 shares. Greenleaf Trust stated it has 0% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Verition Fund Management Ltd, a Connecticut-based fund reported 5,258 shares. Moody Bancorp Division owns 1,700 shares. Retirement Sys Of Alabama has 0.04% invested in Mohawk Industries, Inc. (NYSE:MHK). Evercore Wealth Mgmt Ltd Liability Corp accumulated 68 shares. Cramer Rosenthal Mcglynn Lc reported 1.31% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK).

Among 19 analysts covering Mohawk (NYSE:MHK), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Mohawk had 48 analyst reports since August 10, 2015 according to SRatingsIntel. On Monday, October 30 the stock rating was maintained by Barclays Capital with “Overweight”. The stock has “Overweight” rating by Barclays Capital on Thursday, April 7. RBC Capital Markets maintained the shares of MHK in report on Monday, December 5 with “Outperform” rating. As per Tuesday, March 15, the company rating was downgraded by JP Morgan. The firm has “Buy” rating by Jefferies given on Tuesday, December 12. The rating was maintained by RBC Capital Markets on Monday, June 19 with “Buy”. RBC Capital Markets maintained the shares of MHK in report on Monday, July 24 with “Buy” rating. Barclays Capital initiated the shares of MHK in report on Friday, January 6 with “Overweight” rating. Jefferies maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Wednesday, January 17. Jefferies has “Buy” rating and $345.0 target. M Partners initiated the stock with “Buy” rating in Tuesday, April 12 report.

Since August 30, 2017, it had 0 buys, and 2 insider sales for $13.44 million activity. Shares for $11.81M were sold by CAMILLERI LOUIS C.

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. The company was maintained on Friday, October 20 by Jefferies. Wells Fargo maintained Philip Morris International Inc. (NYSE:PM) rating on Wednesday, November 15. Wells Fargo has “Buy” rating and $135.0 target. The stock of Philip Morris International Inc. (NYSE:PM) earned “Buy” rating by Cowen & Co on Thursday, July 20. Nomura upgraded the stock to “Neutral” rating in Monday, November 30 report. Morgan Stanley maintained Philip Morris International Inc. (NYSE:PM) rating on Tuesday, January 30. Morgan Stanley has “Overweight” rating and $123 target. The firm earned “Buy” rating on Monday, September 12 by Goldman Sachs. As per Friday, October 20, the company rating was upgraded by Societe Generale. SBG Securities upgraded Philip Morris International Inc. (NYSE:PM) on Wednesday, July 20 to “Hold” rating. The firm earned “Buy” rating on Thursday, October 19 by Piper Jaffray. The firm has “Overweight” rating by JP Morgan given on Friday, June 17.

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