Philip Morris International (PM) : Mechanics Bank Trust Department reduced its stake in Philip Morris International by 0.24% during the most recent quarter end. The investment management company now holds a total of 67,895 shares of Philip Morris International which is valued at $6,765,737 after selling 160 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 2.43% of Mechanics Bank Trust Department’s portfolio.
Other Hedge Funds, Including , Telemus Capital boosted its stake in PM in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 29,558 shares of Philip Morris International which is valued at $2,945,455. Philip Morris International makes up approx 0.34% of Telemus Capital’s portfolio.Arcadia Investment Management Corpmi reduced its stake in PM by selling 256 shares or 25.47% in the most recent quarter. The Hedge Fund company now holds 749 shares of PM which is valued at $77,147. Philip Morris International makes up approx 0.02% of Arcadia Investment Management Corpmi’s portfolio.Ruane Cunniff Goldfarb Inc reduced its stake in PM by selling 83,484 shares or 92.9% in the most recent quarter. The Hedge Fund company now holds 6,385 shares of PM which is valued at $657,655. Philip Morris International makes up approx 0.01% of Ruane Cunniff Goldfarb Inc’s portfolio.Fisher Asset Management reduced its stake in PM by selling 725 shares or 5.26% in the most recent quarter. The Hedge Fund company now holds 13,059 shares of PM which is valued at $1,348,211.Stokes Hubbell Capital Management boosted its stake in PM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 64,430 shares of Philip Morris International which is valued at $6,642,089. Philip Morris International makes up approx 2.84% of Stokes Hubbell Capital Management’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.