Philip Morris International (PM) : Evanson Asset Management reduced its stake in Philip Morris International by 0.53% during the most recent quarter end. The investment management company now holds a total of 14,283 shares of Philip Morris International which is valued at $1,423,301 after selling 76 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Philip Morris International makes up approximately 0.42% of Evanson Asset Management’s portfolio.
Other Hedge Funds, Including , Pennsylvania Trust Co reduced its stake in PM by selling 1,155 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 38,780 shares of PM which is valued at $3,864,427. Philip Morris International makes up approx 0.30% of Pennsylvania Trust Co’s portfolio.Verus Financial Partners reduced its stake in PM by selling 10 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 34,769 shares of PM which is valued at $3,581,207. Philip Morris International makes up approx 1.57% of Verus Financial Partners’s portfolio.Mai Capital Management boosted its stake in PM in the latest quarter, The investment management firm added 285 additional shares and now holds a total of 16,052 shares of Philip Morris International which is valued at $1,653,356. Philip Morris International makes up approx 0.13% of Mai Capital Management’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 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.