Cranbrook Wealth Management buys $197,367 stake in Philip Morris International (PM)

Philip Morris International (PM) : Cranbrook Wealth Management scooped up 2 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 2, 2016. The investment management firm now holds a total of 1,993 shares of Philip Morris International which is valued at $197,367.Philip Morris International makes up approximately 0.10% of Cranbrook Wealth Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added PM to its portfolio by purchasing 27,541 company shares during the most recent quarter which is valued at $2,727,385. Philip Morris International makes up approx 0.28% of Quantbot Technologies Lp’s portfolio.Cypress Capital Management (wy) boosted its stake in PM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 23,820 shares of Philip Morris International which is valued at $2,388,193. Philip Morris International makes up approx 3.07% of Cypress Capital Management (wy)’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.Gillespie Robinson Grimm Inc reduced its stake in PM by selling 700 shares or 8.04% in the most recent quarter. The Hedge Fund company now holds 8,005 shares of PM which is valued at $826,436. Philip Morris International makes up approx 0.13% of Gillespie Robinson Grimm Inc’s portfolio.

Philip Morris International closed down -0.38 points or -0.38% at $98.55 with 38,88,163 shares getting traded on Monday. Post opening the session at $98.78, the shares hit an intraday low of $98.24 and an intraday high of $99.519 and the price fluctuated in this range throughout the day.Shares ended Monday 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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