Sky Investment Group Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Sky Investment Group reduced its stake in Philip Morris International by 1.17% during the most recent quarter end. The investment management company now holds a total of 78,727 shares of Philip Morris International which is valued at $7,942,767 after selling 928 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on May 9, 2016.Philip Morris International makes up approximately 3.90% of Sky Investment Group’s portfolio.

Other Hedge Funds, Including , Gyroscope Capital Management Group reduced its stake in PM by selling 3,703 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 51,047 shares of PM which is valued at $5,150,132. Philip Morris International makes up approx 3.99% of Gyroscope Capital Management Group’s portfolio. Hwg Holdings Lp added PM to its portfolio by purchasing 43,224 company shares during the most recent quarter which is valued at $4,336,232. Philip Morris International makes up approx 3.95% of Hwg Holdings Lp’s portfolio.Mcrae Capital Management Inc boosted its stake in PM in the latest quarter, The investment management firm added 261 additional shares and now holds a total of 2,874 shares of Philip Morris International which is valued at $288,320. Philip Morris International makes up approx 0.13% of Mcrae Capital Management Inc’s portfolio.Nelson Van Denburg Campbell Wealth Management Group boosted its stake in PM in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 638 shares of Philip Morris International which is valued at $62,601. Philip Morris International makes up approx 0.03% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio. Inspirion Wealth Advisors added PM to its portfolio by purchasing 2,192 company shares during the most recent quarter which is valued at $215,079. Philip Morris International makes up approx 0.15% of Inspirion Wealth Advisors’s portfolio.

Philip Morris International closed down -1.29 points or -1.26% at $100.89 with 30,66,696 shares getting traded on Friday. Post opening the session at $101.73, the shares hit an intraday low of $100.68 and an intraday high of $102.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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