Philip Morris International (PM) : Shayne reduced its stake in Philip Morris International by 7.45% during the most recent quarter end. The investment management company now holds a total of 8,699 shares of Philip Morris International which is valued at $868,508 after selling 700 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Philip Morris International makes up approximately 0.70% of Shayne’s portfolio.
Other Hedge Funds, Including , Chesley Taft Associates reduced its stake in PM by selling 510 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 122,214 shares of PM which is valued at $12,201,846. Philip Morris International makes up approx 1.21% of Chesley Taft Associates’s portfolio.Warren Averett Asset Management boosted its stake in PM in the latest quarter, The investment management firm added 558 additional shares and now holds a total of 4,616 shares of Philip Morris International which is valued at $476,556. Philip Morris International makes up approx 0.21% of Warren Averett Asset Management’s portfolio.Forte Capital Adv reduced its stake in PM by selling 275 shares or 4.6% in the most recent quarter. The Hedge Fund company now holds 5,705 shares of PM which is valued at $588,984. Philip Morris International makes up approx 0.22% of Forte Capital Adv’s portfolio.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 opened for trading at $97.36 and hit $99.25 on the upside on Thursday, eventually ending the session at $99.1, with a gain of 1.82% or 1.77 points. The heightened volatility saw the trading volume jump to 63,45,428 shares. Company has a market cap of $153,737 M.
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.