Capital Investment Advisors Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Capital Investment Advisors reduced its stake in Philip Morris International by 5.07% during the most recent quarter end. The investment management company now holds a total of 67,096 shares of Philip Morris International which is valued at $6,698,865 after selling 3,580 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Philip Morris International makes up approximately 0.61% of Capital Investment Advisors’s portfolio.

Other Hedge Funds, Including , Capital City Trust Cofl boosted its stake in PM in the latest quarter, The investment management firm added 1,173 additional shares and now holds a total of 16,806 shares of Philip Morris International which is valued at $1,677,911. Philip Morris International makes up approx 0.66% of Capital City Trust Cofl’s portfolio.Eagle Asset Management Inc boosted its stake in PM in the latest quarter, The investment management firm added 24,207 additional shares and now holds a total of 60,859 shares of Philip Morris International which is valued at $6,064,599. Philip Morris International makes up approx 0.04% of Eagle Asset Management Inc’s portfolio.Cypress Asset Management Inctx reduced its stake in PM by selling 3,550 shares or 8.76% in the most recent quarter. The Hedge Fund company now holds 36,995 shares of PM which is valued at $3,686,552. Philip Morris International makes up approx 0.72% of Cypress Asset Management Inctx’s portfolio.Puplava Financial Services reduced its stake in PM by selling 1,404 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 55,646 shares of PM which is valued at $5,731,538. Philip Morris International makes up approx 3.28% of Puplava Financial Services’s portfolio.

Philip Morris International closed down -0.24 points or -0.24% at $99.65 with 56,22,912 shares getting traded on Wednesday. Post opening the session at $100.38, the shares hit an intraday low of $99.52 and an intraday high of $101.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Philip Morris International reported $1.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $1.19. The company had revenue of $6649.00 million for the quarter, compared to analysts expectations of $6772.05 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.21 EPS.

Many Wall Street Analysts have commented on Philip Morris International. Philip Morris International was Upgraded by JP Morgan to ” Overweight” on Jun 17, 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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