Carleon Capital Partners buys $3.7 Million stake in Philip Morris International (PM)

Philip Morris International (PM) : Carleon Capital Partners scooped up 8,200 additional shares in Philip Morris International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 36,725 shares of Philip Morris International which is valued at $3.7 Million.Philip Morris International makes up approximately 1.60% of Carleon Capital Partners’s portfolio.

Other Hedge Funds, Including , Bainco International Investors added PM to its portfolio by purchasing 2,150 company shares during the most recent quarter which is valued at $216,914. Philip Morris International makes up approx 0.05% of Bainco International Investors’s portfolio.Norinchukin Bank The boosted its stake in PM in the latest quarter, The investment management firm added 6,957 additional shares and now holds a total of 230,088 shares of Philip Morris International which is valued at $23.2 Million. Philip Morris International makes up approx 0.57% of Norinchukin Bank The’s portfolio. Barrington Strategic Wealth Management Group added PM to its portfolio by purchasing 2,110 company shares during the most recent quarter which is valued at $212,878. Philip Morris International makes up approx 0.12% of Barrington Strategic Wealth Management Group’s portfolio.Sabal Trust Co reduced its stake in PM by selling 4,000 shares or 35.54% in the most recent quarter. The Hedge Fund company now holds 7,255 shares of PM which is valued at $727,822. Philip Morris International makes up approx 0.09% of Sabal Trust Co’s portfolio.

Philip Morris International closed down -0.32 points or -0.33% at $98.04 with 33,69,452 shares getting traded on Friday. Post opening the session at $98.67, the shares hit an intraday low of $97.83 and an intraday high of $98.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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