Philip Morris International (PM) : Verus Financial Partners reduced its stake in Philip Morris International by 3.15% during the most recent quarter end. The investment management company now holds a total of 34,779 shares of Philip Morris International which is valued at $3,412,515 after selling 1,131 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Philip Morris International makes up approximately 1.57% of Verus Financial Partners’s portfolio.
Philip Morris International opened for trading at $98.42 and hit $98.88 on the upside on Monday, eventually ending the session at $98.56, with a gain of 0.45% or 0.44 points. The heightened volatility saw the trading volume jump to 28,99,567 shares. Company has a market cap of $152,893 M.
Other Hedge Funds, Including , Tnb Financial boosted its stake in PM in the latest quarter, The investment management firm added 5,273 additional shares and now holds a total of 19,220 shares of Philip Morris International which is valued at $1,924,114. Philip Morris International makes up approx 0.57% of Tnb Financial’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in PM by selling 21,910 shares or 22.89% in the most recent quarter. The Hedge Fund company now holds 73,810 shares of PM which is valued at $7,389,119. Philip Morris International makes up approx 1.85% of Daiwa Sb Investments Ltd.’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in PM in the latest quarter, The investment management firm added 43,772 additional shares and now holds a total of 351,414 shares of Philip Morris International which is valued at $35,180,056. Philip Morris International makes up approx 0.81% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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.