Philip Morris International (PM) : Academy Capital Management Inctx reduced its stake in Philip Morris International by 5.98% during the most recent quarter end. The investment management company now holds a total of 237,752 shares of Philip Morris International which is valued at $23,737,160 after selling 15,134 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Philip Morris International makes up approximately 6.12% of Academy Capital Management Inctx’s portfolio.
Other Hedge Funds, Including , Meyer Handelman Co reduced its stake in PM by selling 2,000 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 165,832 shares of PM which is valued at $16,556,667. Philip Morris International makes up approx 0.72% of Meyer Handelman Co’s portfolio.Coastline Trust Co boosted its stake in PM in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 17,232 shares of Philip Morris International which is valued at $1,717,169. Philip Morris International makes up approx 0.34% of Coastline Trust Co’s portfolio.Physicians Financial Services boosted its stake in PM in the latest quarter, The investment management firm added 5,081 additional shares and now holds a total of 7,761 shares of Philip Morris International which is valued at $799,383. Philip Morris International makes up approx 0.68% of Physicians Financial Services’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in PM in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 13,106 shares of Philip Morris International which is valued at $1,358,175. Philip Morris International makes up approx 0.24% of Cape Cod Five Cents Savings Bank’s portfolio.
Philip Morris International opened for trading at $97.36 and hit $99.25 on the upside on Thursday, eventually ending the session at $99.1, with a gain of 1.82% or 1.77 points. The heightened volatility saw the trading volume jump to 63,45,428 shares. Company has a market cap of $153,737 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.