Philip Morris International (PM) : Parametric Portfolio Associates reduced its stake in Philip Morris International by 10.84% during the most recent quarter end. The investment management company now holds a total of 3,566,273 shares of Philip Morris International which is valued at $359.8 Million after selling 433,618 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on May 13, 2016.Philip Morris International makes up approximately 0.59% of Parametric Portfolio Associates’s portfolio.
Other Hedge Funds, Including , Hotchkis Wiley Capital Management sold out all of its stake in PM during the most recent quarter. The investment firm sold 449,722 shares of PM which is valued $45.4 Million.United Asset Strategies reduced its stake in PM by selling 58 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 2,761 shares of PM which is valued at $276,984. Philip Morris International makes up approx 0.12% of United Asset Strategies’s portfolio.Cambridge Investment Research Advisors boosted its stake in PM in the latest quarter, The investment management firm added 10,334 additional shares and now holds a total of 106,176 shares of Philip Morris International which is valued at $10.7 Million. Philip Morris International makes up approx 0.24% of Cambridge Investment Research Advisors’s portfolio.Community Bank Trust Waco Texas reduced its stake in PM by selling 132 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 38,752 shares of PM which is valued at $3.8 Million. Philip Morris International makes up approx 2.16% of Community Bank Trust Waco Texas’s portfolio.
Philip Morris International opened for trading at $98.67 and hit $99.5 on the upside on Wednesday, eventually ending the session at $99.05, with a gain of 0.21% or 0.21 points. The heightened volatility saw the trading volume jump to 25,43,136 shares. Company has a market cap of $153,653 M.
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.