Philip Morris International (PM) : Financial Advisory Service reduced its stake in Philip Morris International by 8.04% during the most recent quarter end. The investment management company now holds a total of 5,993 shares of Philip Morris International which is valued at $592,468 after selling 524 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Philip Morris International makes up approximately 0.21% of Financial Advisory Service’s portfolio.
Other Hedge Funds, Including , Carleon Capital Partners reduced its stake in PM by selling 13,290 shares or 36.19% in the most recent quarter. The Hedge Fund company now holds 23,435 shares of PM which is valued at $2,316,784. Philip Morris International makes up approx 1.12% of Carleon Capital Partners’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in PM in the latest quarter, The investment management firm added 28,698 additional shares and now holds a total of 2,632,328 shares of Philip Morris International which is valued at $260,679,442. Philip Morris International makes up approx 0.78% of Mizuho Trust Banking Ltd.’s portfolio.St. James Investment Company reduced its stake in PM by selling 84,877 shares or 11.94% in the most recent quarter. The Hedge Fund company now holds 625,721 shares of PM which is valued at $61,965,151. Philip Morris International makes up approx 7.64% of St. James Investment Company’s portfolio.Breton Hill Capital Ltd. boosted its stake in PM in the latest quarter, The investment management firm added 12,432 additional shares and now holds a total of 80,229 shares of Philip Morris International which is valued at $8,282,842. Philip Morris International makes up approx 2.58% of Breton Hill Capital Ltd.’s portfolio.
Philip Morris International opened for trading at $99.7 and hit $100.38 on the upside on Wednesday, eventually ending the session at $100.29, with a gain of 0.82% or 0.82 points. The heightened volatility saw the trading volume jump to 38,94,375 shares. Company has a market cap of $155,583 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.