Bank Of Hawaii Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Bank Of Hawaii reduced its stake in Philip Morris International by 6.81% during the most recent quarter end. The investment management company now holds a total of 128,651 shares of Philip Morris International which is valued at $12,623,236 after selling 9,406 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Philip Morris International makes up approximately 1.35% of Bank Of Hawaii’s portfolio.

Philip Morris International opened for trading at $98.42 and hit $98.88 on the upside on Monday, eventually ending the session at $98.56, with a gain of 0.45% or 0.44 points. The heightened volatility saw the trading volume jump to 28,99,567 shares. Company has a market cap of $152,893 M.

Other Hedge Funds, Including , Calamos Wealth Management boosted its stake in PM in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 17,463 shares of Philip Morris International which is valued at $1,713,470. Philip Morris International makes up approx 0.38% of Calamos Wealth Management’s portfolio.First Quadrant L Pca reduced its stake in PM by selling 47,701 shares or 31.42% in the most recent quarter. The Hedge Fund company now holds 104,100 shares of PM which is valued at $10,089,372. Philip Morris International makes up approx 0.22% of First Quadrant L Pca’s portfolio.Dearborn Partners reduced its stake in PM by selling 115 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 10,345 shares of PM which is valued at $1,002,637. Philip Morris International makes up approx 0.09% of Dearborn Partners’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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