Searle buys $3,080,685 stake in Philip Morris International (PM)

Philip Morris International (PM) : Searle scooped up 234 additional shares in Philip Morris International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 30,773 shares of Philip Morris International which is valued at $3,080,685.Philip Morris International makes up approximately 2.82% of Searle’s portfolio.

Philip Morris International opened for trading at $99.87 and hit $100.48 on the upside on Friday, eventually ending the session at $100.11, with a gain of 0.35% or 0.35 points. The heightened volatility saw the trading volume jump to 62,98,122 shares. Company has a market cap of $155,105 M.

Other Hedge Funds, Including , Prospera Financial Services Inc reduced its stake in PM by selling 1,464 shares or 22.4% in the most recent quarter. The Hedge Fund company now holds 5,071 shares of PM which is valued at $507,658. Philip Morris International makes up approx 0.11% of Prospera Financial Services Inc’s portfolio.Proficio Capital Partners boosted its stake in PM in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 7,917 shares of Philip Morris International which is valued at $794,313. Philip Morris International makes up approx 0.67% of Proficio Capital Partners’s portfolio.Kistler-tiffany Companies boosted its stake in PM in the latest quarter, The investment management firm added 2,016 additional shares and now holds a total of 16,472 shares of Philip Morris International which is valued at $1,652,636. Philip Morris International makes up approx 0.93% of Kistler-tiffany Companies’s portfolio.

On the company’s financial health, Philip Morris International reported $0.81 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.81. The company had revenue of $6392.00 million for the quarter, compared to analysts expectations of $6484.52 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Philip Morris International. Philip Morris International was Upgraded by BofA/Merrill to ” Buy” on Mar 24, 2016. Philip Morris International was Upgraded by Exane BNP Paribas to ” Outperform” on Mar 8, 2016. Philip Morris International was Resumed by Berenberg to “Hold” on Feb 2, 2016.

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in more than 180 markets which include a range of international and local premium mid-price and low-price brands. Its premium price brands include Marlboro Merit Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield and international brands include Bond Street Lark Muratti Next Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna Dji Sam Soe and U Mild in Indonesia; Fortune Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece and Petra in the Czech Republic and Slovakia.

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