Salient Trust Co Lta buys $24,148,022 stake in Philip Morris International (PM)

Philip Morris International (PM) : Salient Trust Co Lta scooped up 13,468 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 9, 2016. The investment management firm now holds a total of 239,350 shares of Philip Morris International which is valued at $24,148,022.Philip Morris International makes up approximately 2.92% of Salient Trust Co Lta’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in PM in the latest quarter, The investment management firm added 18,423 additional shares and now holds a total of 274,563 shares of Philip Morris International which is valued at $27,544,160. Philip Morris International makes up approx 0.41% of Ngam Advisors’s portfolio.Schwab Charles Investment Management Inc boosted its stake in PM in the latest quarter, The investment management firm added 84,981 additional shares and now holds a total of 4,429,284 shares of Philip Morris International which is valued at $444,345,771. Philip Morris International makes up approx 0.58% of Schwab Charles Investment Management Inc’s portfolio. American Economic Planning Group Inc Adv added PM to its portfolio by purchasing 2,198 company shares during the most recent quarter which is valued at $220,503. Philip Morris International makes up approx 0.09% of American Economic Planning Group Inc Adv’s portfolio.

Philip Morris International closed down -1.29 points or -1.26% at $100.89 with 30,66,696 shares getting traded on Friday. Post opening the session at $101.73, the shares hit an intraday low of $100.68 and an intraday high of $102.39 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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