Waldron Lp Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Waldron Lp reduced its stake in Philip Morris International by 0.92% during the most recent quarter end. The investment management company now holds a total of 27,995 shares of Philip Morris International which is valued at $2,767,586 after selling 259 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 0.99% of Waldron Lp’s portfolio.

Other Hedge Funds, Including , Global X Management Co boosted its stake in PM in the latest quarter, The investment management firm added 7,102 additional shares and now holds a total of 64,734 shares of Philip Morris International which is valued at $6,399,603. Philip Morris International makes up approx 0.31% of Global X Management Co’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in PM during the most recent quarter. The investment firm sold 11,232 shares of PM which is valued $1,111,182.Sabal Trust Co reduced its stake in PM by selling 2,000 shares or 27.57% in the most recent quarter. The Hedge Fund company now holds 5,255 shares of PM which is valued at $526,866. Philip Morris International makes up approx 0.06% of Sabal Trust Co’s portfolio.Norris Perne French Llpmi reduced its stake in PM by selling 2,489 shares or 6.85% in the most recent quarter. The Hedge Fund company now holds 33,821 shares of PM which is valued at $3,291,798. Philip Morris International makes up approx 0.69% of Norris Perne French Llpmi’s portfolio.Fisher Asset Management reduced its stake in PM by selling 725 shares or 5.26% in the most recent quarter. The Hedge Fund company now holds 13,059 shares of PM which is valued at $1,348,211.

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.

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