Monroe Bank Trustmi Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Monroe Bank Trustmi reduced its stake in Philip Morris International by 3.02% during the most recent quarter end. The investment management company now holds a total of 20,875 shares of Philip Morris International which is valued at $2,089,796 after selling 651 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Philip Morris International makes up approximately 0.72% of Monroe Bank Trustmi’s portfolio.

Philip Morris International opened for trading at $99.87 and hit $100.48 on the upside on Friday, eventually ending the session at $100.11, with a gain of 0.35% or 0.35 points. The heightened volatility saw the trading volume jump to 62,98,122 shares. Company has a market cap of $155,105 M.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in PM by selling 1,046 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 161,374 shares of PM which is valued at $16,155,151. Philip Morris International makes up approx 0.68% of Gofen Glossberg Il’s portfolio.Beese Fulmer Investment Management boosted its stake in PM in the latest quarter, The investment management firm added 1,433 additional shares and now holds a total of 77,472 shares of Philip Morris International which is valued at $7,755,722. Philip Morris International makes up approx 2.22% of Beese Fulmer Investment Management’s portfolio.Abner Herrman Brock boosted its stake in PM in the latest quarter, The investment management firm added 8,360 additional shares and now holds a total of 15,585 shares of Philip Morris International which is valued at $1,563,643. Philip Morris International makes up approx 0.40% of Abner Herrman Brock’s portfolio.Carlson Capital Management reduced its stake in PM by selling 246 shares or 7.57% in the most recent quarter. The Hedge Fund company now holds 3,002 shares of PM which is valued at $301,191. Philip Morris International makes up approx 0.11% of Carlson Capital Management’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in PM by selling 459 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 16,577 shares of PM which is valued at $1,663,170. Philip Morris International makes up approx 0.33% of First Financial Bank N.a. – Trust Division’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 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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