Philip Morris International (PM) : Investors Asset Management Of Georgia Inc Ga Adv reduced its stake in Philip Morris International by 0.84% during the most recent quarter end. The investment management company now holds a total of 23,635 shares of Philip Morris International which is valued at $2,366,100 after selling 200 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Philip Morris International makes up approximately 1.95% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.
Philip Morris International opened for trading at $99.83 and hit $101.39 on the upside on Monday, eventually ending the session at $100.6, with a gain of 0.49% or 0.49 points. The heightened volatility saw the trading volume jump to 50,78,452 shares. Company has a market cap of $155,864 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. First United Bank Trust added PM to its portfolio by purchasing 2,196 company shares during the most recent quarter which is valued at $219,842. Philip Morris International makes up approx 0.20% of First United Bank Trust’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in PM by selling 459 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 16,577 shares of PM which is valued at $1,663,170. Philip Morris International makes up approx 0.33% of First Financial Bank N.a. – Trust Division’s portfolio.Stock Yards Bank Trust Co reduced its stake in PM by selling 704 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 36,223 shares of PM which is valued at $3,634,254. Philip Morris International makes up approx 0.52% of Stock Yards Bank Trust Co’s portfolio.
On the company’s financial health, Philip Morris International reported $0.98 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Apr 19, 2016. Analyst had a consensus of $1.11. The company had revenue of $6083.00 million for the quarter, compared to analysts expectations of $6280.03 million. The company’s revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.16 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.