Philip Morris International (PM) : Hutner Daniel Ellsworth scooped up 225 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 20, 2016. The investment management firm now holds a total of 53,098 shares of Philip Morris International which is valued at $5,146,258.Philip Morris International makes up approximately 4.53% of Hutner Daniel Ellsworth’s portfolio.
Philip Morris International opened for trading at $96.6 and hit $96.97 on the upside on Friday, eventually ending the session at $96.92, with a gain of 0.52% or 0.5 points. The heightened volatility saw the trading volume jump to 36,60,613 shares. Company has a market cap of $150,163 M.
Other Hedge Funds, Including , Private Bank Trust Co reduced its stake in PM by selling 2,516 shares or 4.96% in the most recent quarter. The Hedge Fund company now holds 48,203 shares of PM which is valued at $4,671,835. Philip Morris International makes up approx 0.80% of Private Bank Trust Co’s portfolio.Wagner Bowman Management Corp reduced its stake in PM by selling 250 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 7,865 shares of PM which is valued at $787,365. Philip Morris International makes up approx 0.31% of Wagner Bowman Management Corp’s portfolio.Quotient Investors boosted its stake in PM in the latest quarter, The investment management firm added 1,590 additional shares and now holds a total of 4,690 shares of Philip Morris International which is valued at $469,516. Philip Morris International makes up approx 0.17% of Quotient Investors’s portfolio.Tufton Capital Management reduced its stake in PM by selling 130 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 43,435 shares of PM which is valued at $4,348,278. Philip Morris International makes up approx 1.08% of Tufton Capital Management’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.