Agf Investments Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Agf Investments reduced its stake in Philip Morris International by 0.84% during the most recent quarter end. The investment management company now holds a total of 2,069,234 shares of Philip Morris International which is valued at $207,585,555 after selling 17,442 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on May 2, 2016.Philip Morris International makes up approximately 2.47% of Agf Investments’s portfolio.

Philip Morris International opened for trading at $99.23 and hit $100.4 on the upside on Friday, eventually ending the session at $100.32, with a gain of 1.15% or 1.14 points. The heightened volatility saw the trading volume jump to 40,65,410 shares. Company has a market cap of $155,623 M.

Other Hedge Funds, Including , Wellington Shields Capital Management reduced its stake in PM by selling 1,000 shares or 9.17% in the most recent quarter. The Hedge Fund company now holds 9,903 shares of PM which is valued at $993,469. Philip Morris International makes up approx 0.17% of Wellington Shields Capital Management’s portfolio.Wade G W Inc boosted its stake in PM in the latest quarter, The investment management firm added 1,362 additional shares and now holds a total of 9,412 shares of Philip Morris International which is valued at $923,505. Philip Morris International makes up approx 0.18% of Wade G W Inc’s portfolio.Oppenheimer Co Inc boosted its stake in PM in the latest quarter, The investment management firm added 1,049 additional shares and now holds a total of 129,526 shares of Philip Morris International which is valued at $12,709,091. Philip Morris International makes up approx 0.38% of Oppenheimer Co Inc’s portfolio.Bridges Investment Management Inc boosted its stake in PM in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 77,148 shares of Philip Morris International which is valued at $7,477,184. Philip Morris International makes up approx 1.31% of Bridges Investment Management Inc’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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