Philip Morris International (PM) : St. James Investment Company reduced its stake in Philip Morris International by 1.06% during the most recent quarter end. The investment management company now holds a total of 710,598 shares of Philip Morris International which is valued at $71,287,191 after selling 7,594 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 8.95% of St. James Investment Company’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 , Caz Investments Lp reduced its stake in PM by selling 1,210 shares or 6.82% in the most recent quarter. The Hedge Fund company now holds 16,520 shares of PM which is valued at $1,657,286. Philip Morris International makes up approx 4.52% of Caz Investments Lp’s portfolio. Buffington Mohr Mcneal added PM to its portfolio by purchasing 1,040 company shares during the most recent quarter which is valued at $102,045. Philip Morris International makes up approx 0.04% of Buffington Mohr Mcneal’s portfolio.Sanders Morris Harris reduced its stake in PM by selling 10,707 shares or 66.14% in the most recent quarter. The Hedge Fund company now holds 5,481 shares of PM which is valued at $537,796. Philip Morris International makes up approx 0.09% of Sanders Morris Harris’s portfolio.Liberty Capital Management reduced its stake in PM by selling 746 shares or 18.42% in the most recent quarter. The Hedge Fund company now holds 3,304 shares of PM which is valued at $324,188. Philip Morris International makes up approx 0.25% of Liberty Capital Management’s portfolio.Mcqueen Ball Associates reduced its stake in PM by selling 200 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 3,026 shares of PM which is valued at $293,280. Philip Morris International makes up approx 0.21% of Mcqueen Ball Associates’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.