Arrowstreet Capital Limited Partnership buys $603,170,757 stake in Philip Morris International (PM)

Philip Morris International (PM) : Arrowstreet Capital Limited Partnership scooped up 68,125 additional shares in Philip Morris International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 6,906,799 shares of Philip Morris International which is valued at $603,170,757.Philip Morris International makes up approximately 2.01% of Arrowstreet Capital Limited Partnership’s portfolio.

Other Hedge Funds, Including , Hightower Advisors boosted its stake in PM in the latest quarter, The investment management firm added 63,142 additional shares and now holds a total of 491,802 shares of Philip Morris International which is valued at $42,949,069. Philip Morris International makes up approx 0.50% of Hightower Advisors’s portfolio. Fishman Jay A Ltdmi added PM to its portfolio by purchasing 7,877 company shares during the most recent quarter which is valued at $758,004. Philip Morris International makes up approx 0.19% of Fishman Jay A Ltdmi’s portfolio.St Germain D J Co Inc reduced its stake in PM by selling 125 shares or 5.22% in the most recent quarter. The Hedge Fund company now holds 2,268 shares of PM which is valued at $218,431. Philip Morris International makes up approx 0.03% of St Germain D J Co Inc’s portfolio.Capital City Trust Cofl boosted its stake in PM in the latest quarter, The investment management firm added 1,173 additional shares and now holds a total of 16,806 shares of Philip Morris International which is valued at $1,613,040. Philip Morris International makes up approx 0.66% of Capital City Trust Cofl’s portfolio.

Philip Morris International closed down -0.18 points or -0.20% at $89.09 with 64,70,994 shares getting traded on Monday. Post opening the session at $89.38, the shares hit an intraday low of $88.27 and an intraday high of $89.82 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 $1.25 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. Philip Morris International was Upgraded by CLSA to ” Buy” on Nov 14, 2016. 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 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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