Vontobel Asset Management Inc Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Vontobel Asset Management Inc reduced its stake in Philip Morris International by 8.24% during the most recent quarter end. The investment management company now holds a total of 9,499,162 shares of Philip Morris International which is valued at $920,658,781 after selling 853,340 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 7.24% of Vontobel Asset Management Inc’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 , Murphy Capital Management Inc boosted its stake in PM in the latest quarter, The investment management firm added 535 additional shares and now holds a total of 27,409 shares of Philip Morris International which is valued at $2,656,480. Philip Morris International makes up approx 0.41% of Murphy Capital Management Inc’s portfolio.Bremer Trust National Association boosted its stake in PM in the latest quarter, The investment management firm added 631 additional shares and now holds a total of 44,194 shares of Philip Morris International which is valued at $4,424,261. Philip Morris International makes up approx 1.26% of Bremer Trust National Association’s portfolio.Kanaly Trust Co boosted its stake in PM in the latest quarter, The investment management firm added 478 additional shares and now holds a total of 31,757 shares of Philip Morris International which is valued at $3,179,193. Philip Morris International makes up approx 0.63% of Kanaly Trust Co’s portfolio.Triangle Securities Wealth Management reduced its stake in PM by selling 327 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 24,935 shares of PM which is valued at $2,501,729. Philip Morris International makes up approx 1.64% of Triangle Securities Wealth Management’s portfolio.Chevy Chase Trust Holdings boosted its stake in PM in the latest quarter, The investment management firm added 29,446 additional shares and now holds a total of 1,314,298 shares of Philip Morris International which is valued at $131,863,518. Philip Morris International makes up approx 0.76% of Chevy Chase Trust Holdings’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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