Alecta Pensionsforsakring Omsesidigt Holding in Varian Medical Systems (VAR) Decreased by $91.50 Million as Market Valuation Declined; Cumberland Partners LTD Increases Holding in Philip Morris Intl (PM)

June 14, 2018 - By Hazel Jackson

Philip Morris International Inc. (NYSE:PM) Logo

Alecta Pensionsforsakring Omsesidigt decreased its stake in Varian Medical Systems (VAR) by 30.44% based on its latest 2018Q1 regulatory filing with the SEC. Alecta Pensionsforsakring Omsesidigt sold 750,000 shares as the company’s stock declined 3.15% with the market. The institutional investor held 1.71 million shares of the health care company at the end of 2018Q1, valued at $210.22M, down from 2.46 million at the end of the previous reported quarter. Alecta Pensionsforsakring Omsesidigt who had been investing in Varian Medical Systems for a number of months, seems to be less bullish one the $11.27 billion market cap company. The stock increased 0.17% or $0.21 during the last trading session, reaching $123.16. About 295,252 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 21.31% since June 14, 2017 and is uptrending. It has outperformed by 8.74% the S&P500. Some Historical VAR News: 07/05/2018 – VARIAN MEDICAL SYSTEMS INC – ACQUIRED COOPERATIVE CL ENTERPRISES, A DISTRIBUTOR OF RADIOTHERAPY EQUIPMENT IN TAIWAN; 25/04/2018 – VARIAN 2Q ADJ EPS $1.15, EST. $1.04; 26/04/2018 – Hospital Alemāo Oswaldo Cruz in Brazil Selects Varian Halcyon Cancer Treatment System; 17/05/2018 – Varian Signs Training and Education Cooperation Agreement with Brazil Ministry of Health and Science and Technology; 25/04/2018 – VARIAN MEDICAL SYSTEMS INC VAR.N SEES FY 2018 NON-GAAP SHR $4.43 TO $4.53; 25/04/2018 – Varian Medical 2Q Rev $729.9M; 02/04/2018 – Deutsche Health Adds Danaher, Exits Varian, Cuts J&J; 13/03/2018 – SIRTEX MEDICAL SAYS GETS U.S., GERMAN APPROVAL FOR VARIAN DEAL; 22/05/2018 – VARIAN MEDICAL SYSTEMS INC VAR.N – VARIAN NOTIFIES SIRTEX IT WILL NOT SUBMIT A COUNTERPROPOSAL TO COMPETING BID; 18/04/2018 – Varian Wins “Best After-Sales Service Performance Award for Radiotherapy Products” in China

Andrew Wallach increased its stake in Philip Morris Intl Inc (PM) by 20.9% based on its latest 2018Q1 regulatory filing with the SEC. Cumberland Partners Ltd bought 49,976 shares as the company’s stock declined 24.69% with the market. The hedge fund run by Andrew Wallach held 289,095 shares of the farming and seeds and milling company at the end of 2018Q1, valued at $28.74M, up from 239,119 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Philip Morris Intl Inc for a number of months, seems to be bullish on the $125.52B market cap company. The stock increased 0.81% or $0.65 during the last trading session, reaching $80.75. About 3.92 million shares traded. Philip Morris International Inc. (NYSE:PM) has declined 32.76% since June 14, 2017 and is downtrending. It has underperformed by 45.33% the S&P500. Some Historical PM News: 19/04/2018 – Philip Morris 1Q South and Southeast Asia Cigarette and Heated Tobacco Unit Volume Up 6.1%; 19/04/2018 – PHILIP MORRIS INTERNATIONAL INC PM.N SEES FY 2018 SHR $5.25 TO $5.40; 09/05/2018 – Philip Morris: Dividend Increases Will Remain Primary Use of Operating Cash Flow After CapEx; 29/05/2018 – INSIGHT-Pakistan diluted proposed tobacco health warnings after Philip Morris, BAT lobbying; 30/05/2018 – Tobacco-Free Kids: Sick Joke — Philip Morris Repeats Call for Smoke-Free Future While It Aggressively Markets Cigarettes and F; 30/05/2018 – Tobacco-Free Kids: Sick Joke — Philip Morris Repeats Call for Smoke-Free Future While It Aggressively Markets Cigarettes and Fights Efforts to Reduce Smoking Worldwide; 19/04/2018 – PHILIP MORRIS INTERNATIONAL INC – EXCLUDING FAVORABLE CURRENCY OF $327 MLN, QTRLY NET REVENUES UP BY 8.3%; 27/03/2018 – CZECH PHILIP MORRIS 2017 PROFIT AFTER TAX CZK 3.53 BLN; 19/04/2018 – Philip Morris 1Q Chesterfield Cigarette Shipment Volume Down Up 20%; 29/03/2018 – Philip Morris International Inc. (PMI) Calls Shareholder Meeting

Since February 21, 2018, it had 4 insider purchases, and 3 insider sales for $6.75 million activity. On Wednesday, February 21 FIRESTONE MARC S sold $1.43 million worth of Philip Morris International Inc. (NYSE:PM) or 13,650 shares. Whitson Jerry also bought $248,282 worth of Philip Morris International Inc. (NYSE:PM) shares. Another trade for 40,000 shares valued at $3.25 million was bought by Li Jennifer. Shares for $5.08 million were sold by CALANTZOPOULOS ANDRE on Wednesday, February 21. CAMILLERI LOUIS C sold $8.21 million worth of stock. Zielinski Miroslaw also bought $489,360 worth of Philip Morris International Inc. (NYSE:PM) on Friday, April 27.

Cumberland Partners Ltd, which manages about $708.55M US Long portfolio, decreased its stake in Cgi Group Inc. Cls A (NYSE:GIB) by 13,459 shares to 458,873 shares, valued at $26.42M in 2018Q1, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 48,297 shares in the quarter, leaving it with 2,260 shares, and cut its stake in J.P. Morgan Chase&Company (NYSE:JPM).

More notable recent Philip Morris International Inc. (NYSE:PM) news were published by: Fool.com which released: “Better Buy: Philip Morris International vs. Altria” on June 05, 2018, also Seekingalpha.com with their article: “The Pain Of Philip Morris” published on June 12, 2018, Seekingalpha.com published: “Philip Morris: No Buyback Now” on June 04, 2018. More interesting news about Philip Morris International Inc. (NYSE:PM) were released by: Seekingalpha.com and their article: “Philip Morris: A Killer Stock” published on June 08, 2018 as well as Investorplace.com‘s news article titled: “4 Notable Dividend Increases From the Past Week” with publication date: June 11, 2018.

Investors sentiment decreased to 0.91 in 2018 Q1. Its down 0.20, from 1.11 in 2017Q4. It dropped, as 61 investors sold PM shares while 545 reduced holdings. 126 funds opened positions while 427 raised stakes. 1.09 billion shares or 0.05% less from 1.09 billion shares in 2017Q4 were reported. 2,488 are held by Altfest L J Com. Welch Grp Inc Limited Company has invested 0.11% in Philip Morris International Inc. (NYSE:PM). Hightower Advsrs Limited Liability Com has invested 0.44% in Philip Morris International Inc. (NYSE:PM). 20,000 were accumulated by Park Circle. Cognios Ltd Llc invested in 0.14% or 3,946 shares. Wills Grp Inc Inc Inc has invested 0.32% in Philip Morris International Inc. (NYSE:PM). Weatherly Asset Management LP holds 0.12% of its portfolio in Philip Morris International Inc. (NYSE:PM) for 4,974 shares. Miles Cap reported 3,598 shares. Arizona State Retirement System owns 421,462 shares or 0.42% of their US portfolio. Stearns Financial reported 0.2% of its portfolio in Philip Morris International Inc. (NYSE:PM). First Heartland Consultants holds 3,644 shares. Academy Mgmt Tx reported 6.31% in Philip Morris International Inc. (NYSE:PM). Rampart Inv Management Limited Liability Co reported 16,708 shares stake. Peak6 Limited Partnership reported 86,387 shares. Centurylink Mgmt holds 0.44% or 12,417 shares.

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 63 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Philip Morris International Inc. (NYSE:PM) earned “Neutral” rating by JP Morgan on Tuesday, April 19. As per Thursday, October 19, the company rating was maintained by Piper Jaffray. The stock of Philip Morris International Inc. (NYSE:PM) earned “Hold” rating by SBG Securities on Friday, August 11. The company was upgraded on Thursday, April 21 by Societe Generale. On Wednesday, January 4 the stock rating was downgraded by Bank of America to “Neutral”. The company was maintained on Friday, October 20 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $134.0 target in Thursday, August 31 report. The firm has “Neutral” rating given on Friday, October 20 by Citigroup. Cowen & Co maintained Philip Morris International Inc. (NYSE:PM) rating on Monday, August 21. Cowen & Co has “Buy” rating and $135.0 target. The firm has “Buy” rating by Wells Fargo given on Tuesday, October 10.

Alecta Pensionsforsakring Omsesidigt, which manages about $11.63 billion US Long portfolio, upped its stake in U.S. Bancorp (NYSE:USB) by 1.00M shares to 3.69 million shares, valued at $186.35M in 2018Q1, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 150,000 shares in the quarter, for a total of 9.65 million shares, and has risen its stake in Ross Stores Inc (NASDAQ:ROST).

More recent Varian Medical Systems, Inc. (NYSE:VAR) news were published by: Streetinsider.com which released: “Varian Medical Systems (VAR) Informed Sirtex that it Will not be Providing Counter Proposal to CDH-CGP Offer” on June 14, 2018. Also Prnewswire.com published the news titled: “Varian Announces Third Quarter Fiscal Year 2018 Earnings Release Date” on June 11, 2018. Streetinsider.com‘s news article titled: “Form 8-K VARIAN MEDICAL SYSTEMS For: Jun 14” with publication date: June 14, 2018 was also an interesting one.

Since December 18, 2017, it had 0 insider buys, and 21 selling transactions for $22.36 million activity. 24,000 shares valued at $3.04M were sold by WILSON DOW R on Thursday, February 1. Another trade for 933 shares valued at $101,056 was sold by KENNEDY KOLLEEN T. $196,792 worth of Varian Medical Systems, Inc. (NYSE:VAR) was sold by MOMSEN MAGNUS. $777,343 worth of Varian Medical Systems, Inc. (NYSE:VAR) was sold by KUO JOHN W on Thursday, February 15. BOSTROM SUSAN L sold $235,413 worth of Varian Medical Systems, Inc. (NYSE:VAR) on Thursday, February 22. The insider LARET MARK R sold 2,161 shares worth $274,383.

Investors sentiment decreased to 0.67 in Q1 2018. Its down 0.13, from 0.8 in 2017Q4. It turned negative, as 34 investors sold VAR shares while 214 reduced holdings. 58 funds opened positions while 109 raised stakes. 82.38 million shares or 5.31% less from 87.00 million shares in 2017Q4 were reported. Fjarde Ap holds 0.04% in Varian Medical Systems, Inc. (NYSE:VAR) or 23,357 shares. Clearbridge Invests Limited Liability Company owns 0.05% invested in Varian Medical Systems, Inc. (NYSE:VAR) for 426,081 shares. Farmers And Merchants Investments holds 0% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 138 shares. 424 were reported by Moneta Group Inc Investment Advsrs Limited Liability Company. Alphaone Ltd Liability Corporation has 0.01% invested in Varian Medical Systems, Inc. (NYSE:VAR) for 190 shares. Louisiana State Employees Retirement holds 0.03% or 5,600 shares in its portfolio. First Eagle Invest Mngmt Ltd Liability Co holds 4.72M shares or 1.44% of its portfolio. Westwood Hldgs Gru holds 0.02% or 21,869 shares in its portfolio. Intl Inc owns 34,052 shares or 0.01% of their US portfolio. Moreover, Robeco Institutional Asset Mngmt Bv has 0.18% invested in Varian Medical Systems, Inc. (NYSE:VAR). Oppenheimer & reported 10,606 shares. Oakbrook Invests Ltd Liability holds 2.46% or 323,733 shares. Sumitomo Mitsui Tru Holdings holds 0.05% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 319,312 shares. Everett Harris And Company Ca reported 8,690 shares. 18,722 are held by Welch And Forbes Lc.

Philip Morris International Inc. (NYSE:PM) Institutional Positions Chart

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