Chesley Taft Associates Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Chesley Taft Associates reduced its stake in Philip Morris International by 0.27% during the most recent quarter end. The investment management company now holds a total of 121,889 shares of Philip Morris International which is valued at $11,680,623 after selling 325 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Philip Morris International makes up approximately 1.20% of Chesley Taft Associates’s portfolio.

Other Hedge Funds, Including , Charter Trust Co reduced its stake in PM by selling 50 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 10,727 shares of PM which is valued at $1,027,968. Philip Morris International makes up approx 0.12% of Charter Trust Co’s portfolio.Keystone Financial Planning boosted its stake in PM in the latest quarter, The investment management firm added 652 additional shares and now holds a total of 54,982 shares of Philip Morris International which is valued at $5,251,881. Philip Morris International makes up approx 3.52% of Keystone Financial Planning’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in PM in the latest quarter, The investment management firm added 12,408 additional shares and now holds a total of 388,811 shares of Philip Morris International which is valued at $37,423,059. Philip Morris International makes up approx 0.81% of Oregon Public Employees Retirement Fund’s portfolio.

Philip Morris International closed down -0.37 points or -0.38% at $95.83 with 31,56,276 shares getting traded on Friday. Post opening the session at $96.33, the shares hit an intraday low of $95.82 and an intraday high of $96.74 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 $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $1.23. The company had revenue of $6982.00 million for the quarter, compared to analysts expectations of $6975.30 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

Many Wall Street Analysts have commented on Philip Morris International. Jefferies Initiated Philip Morris International on Sep 21, 2016 to “Hold”, Price Target of the shares are set at $96.Philip Morris International was Initiated by Citigroup to “Neutral” on Sep 13, 2016. Philip Morris International was Upgraded by Goldman to ” Buy” on Sep 12, 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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