Philip Morris International (PM) : Summit Financial Wealth Advisors reduced its stake in Philip Morris International by 1.23% during the most recent quarter end. The investment management company now holds a total of 28,941 shares of Philip Morris International which is valued at $2,983,528 after selling 360 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Philip Morris International makes up approximately 1.23% of Summit Financial Wealth Advisors’s portfolio.
Other Hedge Funds, Including , First Financial Bank N.a. – Trust Division reduced its stake in PM by selling 90 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 16,487 shares of PM which is valued at $1,685,631. Philip Morris International makes up approx 0.33% of First Financial Bank N.a. – Trust Division’s portfolio.Toth Financial Advisory Corp boosted its stake in PM in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 8,111 shares of Philip Morris International which is valued at $821,482. Philip Morris International makes up approx 0.25% of Toth Financial Advisory Corp’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 $102.98 and hit $103.67 on the upside on Monday, eventually ending the session at $103.38, with a gain of 0.28% or 0.29 points. The heightened volatility saw the trading volume jump to 40,40,086 shares. Company has a market cap of $160,370 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.