Lvm Capital Management Ltdmi Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Lvm Capital Management Ltdmi reduced its stake in Philip Morris International by 14.17% during the most recent quarter end. The investment management company now holds a total of 66,620 shares of Philip Morris International which is valued at $6.7 Million after selling 11,000 shares in Philip Morris International according to a report filed by the company on Apr 4, 2016 with the SEC.Philip Morris International makes up approximately 2.13% of Lvm Capital Management Ltdmi’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group reduced its stake in PM by selling 7,409 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 176,281 shares of PM which is valued at $17.6 Million. Philip Morris International makes up approx 3.80% of Beacon Financial Group’s portfolio.

On the company’s financial health, Philip Morris International reported $0.81 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.81. The company had revenue of $6392.00 million for the quarter, compared to analysts expectations of $6484.52 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Philip Morris International. 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 was Resumed by Berenberg to “Hold” on Feb 2, 2016.

Philip Morris International closed down -0.55 points or -0.55% at $100.33 with 49,43,655 shares getting traded on Monday. Post opening the session at $101.28, the shares hit an intraday low of $100.09 and an intraday high of $101.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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