Churchill Management Corp buys $17,678,698 stake in Philip Morris International (PM)

Philip Morris International (PM) : Churchill Management Corp scooped up 15,248 additional shares in Philip Morris International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 171,488 shares of Philip Morris International which is valued at $17,678,698.Philip Morris International makes up approximately 1.14% of Churchill Management Corp’s portfolio.

Other Hedge Funds, Including , Daiwa Sb Investments Ltd. boosted its stake in PM in the latest quarter, The investment management firm added 17,000 additional shares and now holds a total of 90,810 shares of Philip Morris International which is valued at $9,361,603. Philip Morris International makes up approx 2.68% of Daiwa Sb Investments Ltd.’s portfolio.Ct Financial Advisors reduced its stake in PM by selling 1,200 shares or 48.98% in the most recent quarter. The Hedge Fund company now holds 1,250 shares of PM which is valued at $128,863. Philip Morris International makes up approx 0.08% of Ct Financial Advisors’s portfolio.Next Financial Group Inc reduced its stake in PM by selling 1,002 shares or 10.16% in the most recent quarter. The Hedge Fund company now holds 8,859 shares of PM which is valued at $913,274. Philip Morris International makes up approx 0.29% of Next Financial Group Inc’s portfolio.Raymond James Trust N.a. reduced its stake in PM by selling 617 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 74,338 shares of PM which is valued at $7,663,504. Philip Morris International makes up approx 0.64% of Raymond James Trust N.a.’s portfolio.

Philip Morris International opened for trading at $102.7 and hit $103.34 on the upside on Wednesday, eventually ending the session at $103.24, with a gain of 0.33% or 0.34 points. The heightened volatility saw the trading volume jump to 40,13,754 shares. Company has a market cap of $160,153 M.

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 JP Morgan to ” Overweight” on Jun 17, 2016. Philip Morris International was Upgraded by Societe Generale to ” Hold” on Apr 21, 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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