Highpoint Advisor Group buys $3,905,055 stake in Philip Morris International (PM)

Philip Morris International (PM) : Highpoint Advisor Group scooped up 24,180 additional shares in Philip Morris International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 39,445 shares of Philip Morris International which is valued at $3,905,055.Philip Morris International makes up approximately 1.38% of Highpoint Advisor Group’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in PM by selling 25,302 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 2,675,882 shares of PM which is valued at $264,912,318. Philip Morris International makes up approx 0.28% of Blackrock Advisors’s portfolio.Tci Wealth Advisors reduced its stake in PM by selling 203 shares or 2.34% in the most recent quarter. The Hedge Fund company now holds 8,471 shares of PM which is valued at $837,443. Philip Morris International makes up approx 0.45% of Tci Wealth Advisors’s portfolio.Hanlon Investment Management boosted its stake in PM in the latest quarter, The investment management firm added 779 additional shares and now holds a total of 49,463 shares of Philip Morris International which is valued at $4,898,321. Philip Morris International makes up approx 0.42% of Hanlon Investment Management’s portfolio.Trust Co Of Oklahoma reduced its stake in PM by selling 400 shares or 3.42% in the most recent quarter. The Hedge Fund company now holds 11,305 shares of PM which is valued at $1,164,415. Philip Morris International makes up approx 0.63% of Trust Co Of Oklahoma’s portfolio.Hexavest reduced its stake in PM by selling 52,767 shares or 6.15% in the most recent quarter. The Hedge Fund company now holds 804,967 shares of PM which is valued at $82,911,601. Philip Morris International makes up approx 1.23% of Hexavest’s portfolio.

Philip Morris International closed down -0.41 points or -0.41% at $99.93 with 29,12,432 shares getting traded on Friday. Post opening the session at $100.04, the shares hit an intraday low of $99.54 and an intraday high of $100.12 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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