Advisory Services Network buys $2,218,983 stake in Philip Morris International (PM)

Philip Morris International (PM) : Advisory Services Network scooped up 11,784 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 21, 2016. The investment management firm now holds a total of 22,895 shares of Philip Morris International which is valued at $2,218,983.Philip Morris International makes up approximately 0.60% of Advisory Services Network’s portfolio.

Philip Morris International opened for trading at $97.37 and hit $98.23 on the upside on Wednesday, eventually ending the session at $97.27, with a gain of 0.03% or 0.03 points. The heightened volatility saw the trading volume jump to 37,08,465 shares. Company has a market cap of $150,705 M.

Other Hedge Funds, Including , Weatherly Asset Management L. P. reduced its stake in PM by selling 100 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 6,773 shares of PM which is valued at $656,439. Philip Morris International makes up approx 0.22% of Weatherly Asset Management L. P.’s portfolio. Daniel Devine Co sold out all of its stake in PM during the most recent quarter. The investment firm sold 8,900 shares of PM which is valued $890,979.Exxonmobil Investment Management Inc Tx boosted its stake in PM in the latest quarter, The investment management firm added 29,966 additional shares and now holds a total of 377,228 shares of Philip Morris International which is valued at $37,764,295. Philip Morris International makes up approx 0.85% of Exxonmobil Investment Management Inc Tx’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 Societe Generale to ” Hold” on Apr 21, 2016. 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 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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