British Airways Pensions Investment Management Ltd Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : British Airways Pensions Investment Management Ltd reduced its stake in Philip Morris International by 22.18% during the most recent quarter end. The investment management company now holds a total of 573,990 shares of Philip Morris International which is valued at $55,866,447 after selling 163,610 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Philip Morris International makes up approximately 1.64% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Narwhal Capital Management reduced its stake in PM by selling 150 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 45,330 shares of PM which is valued at $4,411,969. Philip Morris International makes up approx 1.35% of Narwhal Capital Management’s portfolio.Nordea Investment Management Ab reduced its stake in PM by selling 52,024 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 1,784,978 shares of PM which is valued at $177,873,058. Philip Morris International makes up approx 0.51% of Nordea Investment Management Ab’s portfolio.Davis R M Inc reduced its stake in PM by selling 35 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 8,509 shares of PM which is valued at $876,427. Philip Morris International makes up approx 0.04% of Davis R M Inc’s portfolio.Triangle Securities Wealth Management reduced its stake in PM by selling 4,216 shares or 16.91% in the most recent quarter. The Hedge Fund company now holds 20,719 shares of PM which is valued at $2,135,922. Philip Morris International makes up approx 1.57% of Triangle Securities Wealth Management’s portfolio.

Philip Morris International opened for trading at $99.29 and hit $100.4 on the upside on Friday, 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 55,82,121 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.

Leave a Reply

Philip Morris International - Is it time to Sell?

Top Brokerage Firms are advising their investors on Philip Morris International. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.