Philip Morris International (PM) : Aberdeen Asset Management Plcuk reduced its stake in Philip Morris International by 10.51% during the most recent quarter end. The investment management company now holds a total of 5,757,628 shares of Philip Morris International which is valued at $570,177,901 after selling 676,217 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Philip Morris International makes up approximately 2.06% of Aberdeen Asset Management Plcuk’s portfolio.
Other Hedge Funds, Including , New England Investment Retirement Group added PM to its portfolio by purchasing 23,502 company shares during the most recent quarter which is valued at $2,327,403. Philip Morris International makes up approx 1.35% of New England Investment Retirement Group’s portfolio.United Bank Va reduced its stake in PM by selling 11,170 shares or 51.77% in the most recent quarter. The Hedge Fund company now holds 10,408 shares of PM which is valued at $1,013,011. Philip Morris International makes up approx 0.95% of United Bank Va’s portfolio. Gwm Advisors added PM to its portfolio by purchasing 15,977 company shares during the most recent quarter which is valued at $1,645,631. Philip Morris International makes up approx 0.67% of Gwm Advisors’s portfolio.Patton Albertson Miller Group reduced its stake in PM by selling 615 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 13,890 shares of PM which is valued at $1,434,004. Philip Morris International makes up approx 0.63% of Patton Albertson Miller Group’s portfolio.Patten Patten Inctn boosted its stake in PM in the latest quarter, The investment management firm added 830 additional shares and now holds a total of 10,419 shares of Philip Morris International which is valued at $1,074,095. Philip Morris International makes up approx 0.15% of Patten Patten Inctn’s portfolio.
Philip Morris International closed down -0.03 points or -0.03% at $99 with 38,73,704 shares getting traded on Thursday. Post opening the session at $99.36, the shares hit an intraday low of $98.9 and an intraday high of $99.55 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 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.