Capital Advisors Ltd. buys $467,013 stake in Philip Morris International (PM)

Philip Morris International (PM) : Capital Advisors Ltd. scooped up 31 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 15, 2016. The investment management firm now holds a total of 4,665 shares of Philip Morris International which is valued at $467,013.Philip Morris International makes up approximately 0.23% of Capital Advisors Ltd.’s portfolio.

Philip Morris International closed down -1.71 points or -1.74% at $96.42 with 50,90,812 shares getting traded on Wednesday. Post opening the session at $97.82, the shares hit an intraday low of $95.91 and an intraday high of $98.04 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Btr Capital Management Inc boosted its stake in PM in the latest quarter, The investment management firm added 460 additional shares and now holds a total of 5,781 shares of Philip Morris International which is valued at $578,736. Philip Morris International makes up approx 0.13% of Btr Capital Management Inc’s portfolio.Train Babcock Advisors reduced its stake in PM by selling 7,000 shares or 52.13% in the most recent quarter. The Hedge Fund company now holds 6,428 shares of PM which is valued at $643,507. Philip Morris International makes up approx 0.25% of Train Babcock Advisors’s portfolio.Prospera Financial Services Inc reduced its stake in PM by selling 1,464 shares or 22.4% in the most recent quarter. The Hedge Fund company now holds 5,071 shares of PM which is valued at $507,658. Philip Morris International makes up approx 0.11% of Prospera Financial Services Inc’s portfolio.Edge Wealth Management boosted its stake in PM in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 3,054 shares of Philip Morris International which is valued at $306,408. Philip Morris International makes up approx 0.14% of Edge Wealth Management’s portfolio.Trust Co Of Virginia Va reduced its stake in PM by selling 360 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 23,882 shares of PM which is valued at $2,396,081. Philip Morris International makes up approx 0.44% of Trust Co Of Virginia Va’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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