Brookstone Capital Management buys $4,197,112 stake in Philip Morris International (PM)

Philip Morris International (PM) : Brookstone Capital Management scooped up 27,911 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 14, 2016. The investment management firm now holds a total of 41,925 shares of Philip Morris International which is valued at $4,197,112.Philip Morris International makes up approximately 0.64% of Brookstone Capital Management’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 , Quotient Investors boosted its stake in PM in the latest quarter, The investment management firm added 1,590 additional shares and now holds a total of 4,690 shares of Philip Morris International which is valued at $469,516. Philip Morris International makes up approx 0.17% of Quotient Investors’s portfolio.Bkd Wealth Advisors reduced its stake in PM by selling 442 shares or 5.04% in the most recent quarter. The Hedge Fund company now holds 8,321 shares of PM which is valued at $833,015. Philip Morris International makes up approx 0.13% of Bkd Wealth Advisors’s portfolio.Central Bank Trust Co boosted its stake in PM in the latest quarter, The investment management firm added 898 additional shares and now holds a total of 7,084 shares of Philip Morris International which is valued at $709,179. Philip Morris International makes up approx 0.20% of Central Bank Trust Co’s portfolio.Chicago Trust Co Na reduced its stake in PM by selling 149 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 28,200 shares of PM which is valued at $2,829,306. Philip Morris International makes up approx 1.23% of Chicago Trust Co Na’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.

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