Weatherly Asset Management L. P. Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Weatherly Asset Management L. P. reduced its stake in Philip Morris International by 1.45% during the most recent quarter end. The investment management company now holds a total of 6,773 shares of Philip Morris International which is valued at $656,439 after selling 100 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Philip Morris International makes up approximately 0.22% of Weatherly Asset Management L. P.’s portfolio.

Philip Morris International opened for trading at $97.37 and hit $98.23 on the upside on Wednesday, eventually ending the session at $97.27, with a gain of 0.03% or 0.03 points. The heightened volatility saw the trading volume jump to 37,08,465 shares. Company has a market cap of $150,705 M.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in PM in the latest quarter, The investment management firm added 11,784 additional shares and now holds a total of 22,895 shares of Philip Morris International which is valued at $2,218,983. Philip Morris International makes up approx 0.60% of Advisory Services Network’s portfolio.Pinnacle Advisory Group reduced its stake in PM by selling 524 shares or 18.23% in the most recent quarter. The Hedge Fund company now holds 2,350 shares of PM which is valued at $235,259. Philip Morris International makes up approx 0.02% of Pinnacle Advisory Group’s portfolio.Capital Advisors Ltd. boosted its stake in PM in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 4,665 shares of Philip Morris International which is valued at $467,013. Philip Morris International makes up approx 0.23% of Capital Advisors Ltd.’s portfolio.Capital City Trust Cofl boosted its stake in PM in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 15,633 shares of Philip Morris International which is valued at $1,565,020. Philip Morris International makes up approx 0.63% of Capital City Trust Cofl’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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