Philip Morris International (PM) : Pekin Singer Strauss Asset Management Il reduced its stake in Philip Morris International by 4.24% during the most recent quarter end. The investment management company now holds a total of 15,325 shares of Philip Morris International which is valued at $1,517,635 after selling 678 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Philip Morris International makes up approximately 0.32% of Pekin Singer Strauss Asset Management Il’s portfolio.
Other Hedge Funds, Including , Fulton Breakefield Broenniman boosted its stake in PM in the latest quarter, The investment management firm added 2,169 additional shares and now holds a total of 30,900 shares of Philip Morris International which is valued at $3,060,027. Philip Morris International makes up approx 0.61% of Fulton Breakefield Broenniman’s portfolio. Rothschild Capital Partners sold out all of its stake in PM during the most recent quarter. The investment firm sold 2,750 shares of PM which is valued $267,658.
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.