Destrier Capital Management Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Destrier Capital Management reduced its stake in Philip Morris International by 50.0% during the most recent quarter end. The investment management company now holds a total of 70,000 shares of Philip Morris International which is valued at $6,930,000 after selling 70,000 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 4.32% of Destrier Capital Management’s portfolio.

Other Hedge Funds, Including , Bronfman E.l. Rothschild boosted its stake in PM in the latest quarter, The investment management firm added 369 additional shares and now holds a total of 10,059 shares of Philip Morris International which is valued at $995,841. Philip Morris International makes up approx 0.16% of Bronfman E.l. Rothschild’s portfolio.Verity Verity reduced its stake in PM by selling 417 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 36,448 shares of PM which is valued at $3,608,352. Philip Morris International makes up approx 1.26% of Verity Verity’s portfolio.Halbert Hargroverussell reduced its stake in PM by selling 84 shares or 2.75% in the most recent quarter. The Hedge Fund company now holds 2,967 shares of PM which is valued at $293,318. Philip Morris International makes up approx 0.08% of Halbert Hargroverussell’s portfolio.Salient Trust Co Lta boosted its stake in PM in the latest quarter, The investment management firm added 13,129 additional shares and now holds a total of 252,479 shares of Philip Morris International which is valued at $25,159,532. Philip Morris International makes up approx 2.65% of Salient Trust Co Lta’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.

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.