Philip Morris International (PM) : Berkeley Capital Partners reduced its stake in Philip Morris International by 1.62% during the most recent quarter end. The investment management company now holds a total of 17,221 shares of Philip Morris International which is valued at $1,704,879 after selling 283 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Philip Morris International makes up approximately 1.17% of Berkeley Capital Partners’s portfolio.
Other Hedge Funds, Including , Investec Asset Management North America reduced its stake in PM by selling 20,517 shares or 17.49% in the most recent quarter. The Hedge Fund company now holds 96,769 shares of PM which is valued at $9,580,131. Philip Morris International makes up approx 1.36% of Investec Asset Management North America’s portfolio.Rdl Financial Inc boosted its stake in PM in the latest quarter, The investment management firm added 626 additional shares and now holds a total of 2,913 shares of Philip Morris International which is valued at $288,474. Philip Morris International makes up approx 0.21% of Rdl Financial Inc’s portfolio.Ashburton (jersey) Ltd reduced its stake in PM by selling 21,042 shares or 12.77% in the most recent quarter. The Hedge Fund company now holds 143,767 shares of PM which is valued at $14,414,079. Philip Morris International makes up approx 5.79% of Ashburton (jersey) Ltd’s portfolio.Cordasco Financial Network reduced its stake in PM by selling 300 shares or 42.25% in the most recent quarter. The Hedge Fund company now holds 410 shares of PM which is valued at $39,905. Philip Morris International makes up approx 0.04% of Cordasco Financial Network’s portfolio.
Philip Morris International opened for trading at $99.08 and hit $100.32 on the upside on Monday, eventually ending the session at $100.26, with a gain of 1.17% or 1.16 points. The heightened volatility saw the trading volume jump to 30,24,478 shares. Company has a market cap of $155,536 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.