Cognios Capital Lowered By $6.66 Million Its Philip Morris International (PM) Position; Last Week Independence Realty Trust (IRT) Analysts

October 11, 2017 - By Darrin Black

Cognios Capital Llc decreased Philip Morris International (PM) stake by 76.26% reported in 2017Q2 SEC filing. Cognios Capital Llc sold 56,918 shares as Philip Morris International (PM)’s stock rose 10.69%. The Cognios Capital Llc holds 17,721 shares with $2.08 million value, down from 74,639 last quarter. Philip Morris International now has $177.47B valuation. The stock decreased 0.79% or $0.91 during the last trading session, reaching $114.26. About 3.30M shares traded. Philip Morris International Inc. (NYSE:PM) has risen 16.65% since October 11, 2016 and is uptrending. It has underperformed by 0.05% the S&P500.

Among 5 analysts covering Independence Realty Trust (NYSE:IRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Independence Realty Trust had 5 analyst reports since September 2, 2015 according to SRatingsIntel. The rating was reinitiated by Deutsche Bank on Monday, September 28 with “Hold”. FBR Capital upgraded Independence Realty Trust Inc (NYSE:IRT) rating on Thursday, June 15. FBR Capital has “Outperform” rating and $11.50 target. As per Wednesday, September 2, the company rating was upgraded by Zacks. The company was maintained on Monday, November 2 by Compass Point. See Independence Realty Trust Inc (NYSE:IRT) latest ratings:

15/06/2017 Broker: FBR Capital Old Rating: Mkt Perform New Rating: Outperform Old Target: $9.75 New Target: $11.50 Upgrade

Independence Realty Trust, Inc. is an internally-managed real estate investment trust . The company has market cap of $859.72 million. The Firm is engaged in the business of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of real estate assets. It currently has negative earnings. The Firm owns apartment properties in geographic non-gateway markets.

Investors sentiment increased to 2.58 in 2017 Q2. Its up 1.51, from 1.07 in 2017Q1. It improved, as 12 investors sold Independence Realty Trust Inc shares while 26 reduced holdings. 40 funds opened positions while 58 raised stakes. 49.75 million shares or 6.30% more from 46.80 million shares in 2017Q1 were reported. Glob X Ltd Liability reported 1.02M shares stake. Raymond James & Associates holds 1.07 million shares or 0.02% of its portfolio. Pathstone Family Office Limited owns 67 shares or 0% of their US portfolio. Pub Employees Retirement Systems Of Ohio holds 65,612 shares. Nationwide Fund Advsrs has 115,575 shares. Moreover, Kbc Grp Nv has 0% invested in Independence Realty Trust Inc (NYSE:IRT) for 37,476 shares. Great West Life Assurance Can, Manitoba – Canada-based fund reported 116,325 shares. Moreover, Bancorporation Of America De has 0% invested in Independence Realty Trust Inc (NYSE:IRT). Panagora Asset has invested 0% in Independence Realty Trust Inc (NYSE:IRT). Bbr Partners Limited Com accumulated 10,000 shares or 0.02% of the stock. Tower Research Cap Ltd Liability (Trc) holds 0% or 375 shares. Orinda Asset Limited Co invested 6.19% of its portfolio in Independence Realty Trust Inc (NYSE:IRT). Sumitomo Mitsui Trust Holding has 0% invested in Independence Realty Trust Inc (NYSE:IRT). Daiwa Securities Grp Inc reported 5,164 shares or 0% of all its holdings. State Of Tennessee Treasury Department invested 0% of its portfolio in Independence Realty Trust Inc (NYSE:IRT).

The stock increased 0.48% or $0.05 during the last trading session, reaching $10.53. About 381,154 shares traded. Independence Realty Trust Inc (NYSE:IRT) has risen 20.69% since October 11, 2016 and is uptrending. It has outperformed by 3.99% the S&P500.

Cognios Capital Llc increased Facebook Inc (NASDAQ:FB) stake by 15,094 shares to 16,814 valued at $2.54 million in 2017Q2. It also upped Kellogg Co (NYSE:K) stake by 32,655 shares and now owns 38,032 shares. Coca (NYSE:KO) was raised too.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.03, from 0.91 in 2017Q1. It is negative, 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. Gyroscope Capital Grp Inc Limited Liability Company owns 44,970 shares or 2.64% of their US portfolio. 1,990 are owned by Sequoia Financial Advsrs Limited Liability Corp. Shelter Ins Retirement Plan holds 3.78% or 68,600 shares in its portfolio. Godshalk Welsh Cap Mngmt reported 0.41% of its portfolio in Philip Morris International Inc. (NYSE:PM). Georgia-based Narwhal Cap Mngmt has invested 1.04% in Philip Morris International Inc. (NYSE:PM). Conning stated it has 0.91% in Philip Morris International Inc. (NYSE:PM). Pennsylvania-based Riggs Asset Managment has invested 0.03% in Philip Morris International Inc. (NYSE:PM). Reynders Mcveigh Mgmt Ltd Limited Liability Company has 0.04% invested in Philip Morris International Inc. (NYSE:PM) for 2,415 shares. Karp Cap Management holds 0.85% or 14,554 shares in its portfolio. Cohen Lawrence B, a Massachusetts-based fund reported 1,848 shares. Finance Engines reported 241 shares or 0% of all its holdings. Provident Management Inc invested in 0.09% or 4,150 shares. First Heartland Consultants Inc holds 0.28% or 9,349 shares. Flippin Bruce & Porter has invested 0.28% in Philip Morris International Inc. (NYSE:PM). Airain Ltd stated it has 0.17% in Philip Morris International Inc. (NYSE:PM).

Analysts await Philip Morris International Inc. (NYSE:PM) to report earnings on October, 19 before the open. They expect $1.38 EPS, up 10.40% or $0.13 from last year’s $1.25 per share. PM’s profit will be $2.14B for 20.70 P/E if the $1.38 EPS becomes a reality. After $1.14 actual EPS reported by Philip Morris International Inc. for the previous quarter, Wall Street now forecasts 21.05% EPS growth.

Among 19 analysts covering Philip Morris International (NYSE:PM), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Philip Morris International had 38 analyst reports since August 24, 2015 according to SRatingsIntel. The company was maintained on Tuesday, April 19 by JP Morgan. The stock of Philip Morris International Inc. (NYSE:PM) has “Buy” rating given on Monday, September 12 by Goldman Sachs. The firm earned “Overweight” rating on Friday, June 17 by JP Morgan. The company was maintained on Tuesday, September 26 by Jefferies. The stock of Philip Morris International Inc. (NYSE:PM) earned “Hold” rating by Jefferies on Wednesday, September 21. The firm has “Buy” rating by Cowen & Co given on Monday, August 21. The rating was upgraded by CLSA on Monday, November 14 to “Buy”. Societe Generale upgraded it to “Hold” rating and $99 target in Thursday, April 21 report. The firm has “Outperform” rating given on Tuesday, March 8 by BNP Paribas. The firm has “Buy” rating given on Monday, October 3 by Goldman Sachs.

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By1 Darrin Black




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