Fcg Advisors buys $1,020,096 stake in Philip Morris International (PM)

Philip Morris International (PM) : Fcg Advisors scooped up 7,213 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 11, 2016. The investment management firm now holds a total of 10,304 shares of Philip Morris International which is valued at $1,020,096.Philip Morris International makes up approximately 0.31% of Fcg Advisors’s portfolio.

Other Hedge Funds, Including , Bailard boosted its stake in PM in the latest quarter, The investment management firm added 254 additional shares and now holds a total of 4,121 shares of Philip Morris International which is valued at $407,402. Philip Morris International makes up approx 0.05% of Bailard’s portfolio.Callahan Advisors boosted its stake in PM in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 4,647 shares of Philip Morris International which is valued at $452,293. Philip Morris International makes up approx 0.12% of Callahan Advisors’s portfolio.

Philip Morris International opened for trading at $100.25 and hit $100.58 on the upside on Tuesday, eventually ending the session at $100.39, with a gain of 0.27% or 0.27 points. The heightened volatility saw the trading volume jump to 21,01,379 shares. Company has a market cap of $155,738 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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