Philip Morris International (PM) : Mengis Capital Management reduced its stake in Philip Morris International by 1.79% during the most recent quarter end. The investment management company now holds a total of 32,905 shares of Philip Morris International which is valued at $3,252,988 after selling 600 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Philip Morris International makes up approximately 2.75% of Mengis Capital Management’s portfolio.
Other Hedge Funds, Including , Summit Asset Management reduced its stake in PM by selling 96 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 3,864 shares of PM which is valued at $381,995. Philip Morris International makes up approx 0.17% of Summit Asset Management’s portfolio.Jackson Grant Investment Advisers reduced its stake in PM by selling 1,154 shares or 16.78% in the most recent quarter. The Hedge Fund company now holds 5,722 shares of PM which is valued at $566,077. Philip Morris International makes up approx 0.49% of Jackson Grant Investment Advisers’s portfolio.Kanawha Capital Management reduced its stake in PM by selling 417 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 25,838 shares of PM which is valued at $2,590,518. Philip Morris International makes up approx 0.42% of Kanawha Capital Management’s portfolio.Grimes Company reduced its stake in PM by selling 170 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 5,413 shares of PM which is valued at $526,847. Philip Morris International makes up approx 0.07% of Grimes Company’s portfolio.Clarkston Capital Partners reduced its stake in PM by selling 300 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 11,500 shares of PM which is valued at $1,148,160. Philip Morris International makes up approx 0.06% of Clarkston Capital Partners’s portfolio.
Philip Morris International closed down -0.39 points or -0.39% at $98.61 with 52,56,666 shares getting traded on Monday. Post opening the session at $99.14, the shares hit an intraday low of $98.54 and an intraday high of $99.18 and the price fluctuated in this range throughout the day.Shares ended Monday 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.