Philip Morris International (PM) : Raymond James Associates scooped up 31,614 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 11, 2016. The investment management firm now holds a total of 1,872,388 shares of Philip Morris International which is valued at $185,366,412.Philip Morris International makes up approximately 0.56% of Raymond James Associates’s portfolio.
Other Hedge Funds, Including , Fmr reduced its stake in PM by selling 126,024 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 17,432,285 shares of PM which is valued at $1,725,796,215. Philip Morris International makes up approx 0.22% of Fmr’s portfolio.Qci Asset Management Incny reduced its stake in PM by selling 780 shares or 16.02% in the most recent quarter. The Hedge Fund company now holds 4,088 shares of PM which is valued at $404,426. Philip Morris International makes up approx 0.06% of Qci Asset Management Incny’s portfolio.Thompson Siegel Walmsley reduced its stake in PM by selling 31,805 shares or 39.1% in the most recent quarter. The Hedge Fund company now holds 49,546 shares of PM which is valued at $4,901,586. Philip Morris International makes up approx 0.07% of Thompson Siegel Walmsley’s portfolio.Hl Financial Services reduced its stake in PM by selling 7,624 shares or 6.22% in the most recent quarter. The Hedge Fund company now holds 114,967 shares of PM which is valued at $11,189,738. Philip Morris International makes up approx 0.26% of Hl Financial Services’s portfolio.Capital Planning Advisors reduced its stake in PM by selling 390 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 48,050 shares of PM which is valued at $4,797,312. Philip Morris International makes up approx 2.57% of Capital Planning Advisors’s portfolio.
Philip Morris International opened for trading at $100.25 and hit $100.58 on the upside on Tuesday, eventually ending the session at $100.39, with a gain of 0.27% or 0.27 points. The heightened volatility saw the trading volume jump to 21,01,379 shares. Company has a market cap of $155,738 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.