Stokes Hubbell Capital Management buys $6,642,089 stake in Philip Morris International (PM)

Philip Morris International (PM) : Stokes Hubbell Capital Management scooped up 50 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 64,430 shares of Philip Morris International which is valued at $6,642,089.Philip Morris International makes up approximately 2.84% of Stokes Hubbell Capital Management’s portfolio.

Other Hedge Funds, Including , Hollencrest Securities boosted its stake in PM in the latest quarter, The investment management firm added 3,751 additional shares and now holds a total of 98,752 shares of Philip Morris International which is valued at $10,180,344. Philip Morris International makes up approx 1.58% of Hollencrest Securities’s portfolio.Centurylink Investment Management Co reduced its stake in PM by selling 801 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 29,263 shares of PM which is valued at $3,016,723. Philip Morris International makes up approx 1.06% of Centurylink Investment Management Co’s portfolio.Iowa State Bank reduced its stake in PM by selling 125 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 6,308 shares of PM which is valued at $650,292. Philip Morris International makes up approx 0.33% of Iowa State Bank’s portfolio.Cullinan Associates Inc boosted its stake in PM in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 17,975 shares of Philip Morris International which is valued at $1,820,508. Philip Morris International makes up approx 0.15% of Cullinan Associates Inc’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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