New York State Common Retirement Fund buys $427,689,900 stake in Philip Morris International (PM)

Philip Morris International (PM) : New York State Common Retirement Fund scooped up 194,100 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 4,320,100 shares of Philip Morris International which is valued at $427,689,900.Philip Morris International makes up approximately 0.60% of New York State Common Retirement Fund’s portfolio.

Other Hedge Funds, Including , Tweedy Browne Co reduced its stake in PM by selling 326,147 shares or 18.14% in the most recent quarter. The Hedge Fund company now holds 1,471,747 shares of PM which is valued at $145,702,953. Philip Morris International makes up approx 3.96% of Tweedy Browne Co’s portfolio.Denver Investment Advisors boosted its stake in PM in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 2,765 shares of Philip Morris International which is valued at $273,348. Philip Morris International makes up approx 0.01% of Denver Investment Advisors’s portfolio.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.Regal Investment Advisors reduced its stake in PM by selling 229 shares or 7.38% in the most recent quarter. The Hedge Fund company now holds 2,875 shares of PM which is valued at $284,424. Philip Morris International makes up approx 0.08% of Regal Investment Advisors’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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