Philip Morris International (PM) : Alley Co reduced its stake in Philip Morris International by 2.28% during the most recent quarter end. The investment management company now holds a total of 57,476 shares of Philip Morris International which is valued at $5.8 Million after selling 1,343 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on May 11, 2016.Philip Morris International makes up approximately 2.77% of Alley Co’s portfolio.
Other Hedge Funds, Including , Atlantic Trust Group boosted its stake in PM in the latest quarter, The investment management firm added 4,657 additional shares and now holds a total of 77,585 shares of Philip Morris International which is valued at $7.8 Million. Philip Morris International makes up approx 0.06% of Atlantic Trust Group’s portfolio.Mcf Advisors reduced its stake in PM by selling 715 shares or 30.18% in the most recent quarter. The Hedge Fund company now holds 1,654 shares of PM which is valued at $165,929. Philip Morris International makes up approx 0.04% of Mcf Advisors’s portfolio.Tocqueville Asset Management boosted its stake in PM in the latest quarter, The investment management firm added 1,075 additional shares and now holds a total of 63,074 shares of Philip Morris International which is valued at $6.2 Million. Philip Morris International makes up approx 0.08% of Tocqueville Asset Management’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in PM in the latest quarter, The investment management firm added 339 additional shares and now holds a total of 421,094 shares of Philip Morris International which is valued at $41.3 Million. Philip Morris International makes up approx 0.98% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.
Philip Morris International opened for trading at $100.84 and hit $101.94 on the upside on Monday, eventually ending the session at $101.71, with a gain of 0.81% or 0.82 points. The heightened volatility saw the trading volume jump to 30,01,057 shares. Company has a market cap of $157,779 M.
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.