Private Bank Trust Co Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Private Bank Trust Co reduced its stake in Philip Morris International by 4.96% during the most recent quarter end. The investment management company now holds a total of 48,203 shares of Philip Morris International which is valued at $4,671,835 after selling 2,516 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Philip Morris International makes up approximately 0.80% of Private Bank Trust Co’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 , Fisher Asset Management reduced its stake in PM by selling 4,438 shares or 24.36% in the most recent quarter. The Hedge Fund company now holds 13,784 shares of PM which is valued at $1,335,945.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.Franklin Street Advisors Inc Nc reduced its stake in PM by selling 185 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 6,582 shares of PM which is valued at $658,924. Philip Morris International makes up approx 0.13% of Franklin Street Advisors Inc Nc’s portfolio.Partnerre Asset Management Corp boosted its stake in PM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 10,481 shares of Philip Morris International which is valued at $1,051,559. Philip Morris International makes up approx 0.56% of Partnerre Asset Management Corp’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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