Bruderman Asset Management buys $13,105,376 stake in Philip Morris International (PM)

Philip Morris International (PM) : Bruderman Asset Management scooped up 27,047 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 9, 2016. The investment management firm now holds a total of 132,982 shares of Philip Morris International which is valued at $13,105,376.Philip Morris International makes up approximately 4.05% of Bruderman Asset Management’s portfolio.

Other Hedge Funds, Including , Ajo Lp boosted its stake in PM in the latest quarter, The investment management firm added 596,277 additional shares and now holds a total of 2,790,689 shares of Philip Morris International which is valued at $275,022,401. Philip Morris International makes up approx 1.17% of Ajo Lp’s portfolio.Wealthsource Partners reduced its stake in PM by selling 151 shares or 5.75% in the most recent quarter. The Hedge Fund company now holds 2,475 shares of PM which is valued at $244,679. Philip Morris International makes up approx 0.09% of Wealthsource Partners’s portfolio.Pbwm Holdings reduced its stake in PM by selling 2,661 shares or 17.53% in the most recent quarter. The Hedge Fund company now holds 12,518 shares of PM which is valued at $1,238,406. Philip Morris International makes up approx 0.47% of Pbwm Holdings’s portfolio.Bank Of Hawaii reduced its stake in PM by selling 21,487 shares or 16.7% in the most recent quarter. The Hedge Fund company now holds 107,164 shares of PM which is valued at $10,612,451. Philip Morris International makes up approx 1.12% of Bank Of Hawaii’s portfolio.Trust Co Of Virginia Va boosted its stake in PM in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 23,907 shares of Philip Morris International which is valued at $2,462,421. Philip Morris International makes up approx 0.42% of Trust Co Of Virginia Va’s portfolio.

Philip Morris International opened for trading at $99.7 and hit $100.38 on the upside on Wednesday, eventually ending the session at $100.29, with a gain of 0.82% or 0.82 points. The heightened volatility saw the trading volume jump to 38,94,375 shares. Company has a market cap of $155,583 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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