Duquesne Family Office adds Philip Morris International (PM) to its portfolio

Philip Morris International (PM) : Duquesne Family Office added new position in Philip Morris International during the most recent quarter end. The investment management firm now holds 554,800 shares of Philip Morris International which is valued at $54,925,200 , the company said in a statement filed on Aug 15, 2016 with the SEC.Philip Morris International makes up approximately 4.60% of Duquesne Family Office’s portfolio.

Other Hedge Funds, Including , Silvercrest Asset Management Group reduced its stake in PM by selling 4,093 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 163,903 shares of PM which is valued at $16,226,397. Philip Morris International makes up approx 0.20% of Silvercrest Asset Management Group’s portfolio.Raymond James Associates boosted its stake in PM in the latest quarter, The investment management firm added 31,614 additional shares and now holds a total of 1,872,388 shares of Philip Morris International which is valued at $185,366,412. Philip Morris International makes up approx 0.56% of Raymond James Associates’s portfolio.Brown Advisory Securities boosted its stake in PM in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 13,265 shares of Philip Morris International which is valued at $1,312,306. Philip Morris International makes up approx 0.40% of Brown Advisory Securities’s portfolio.Bb&t Securities boosted its stake in PM in the latest quarter, The investment management firm added 10,740 additional shares and now holds a total of 396,893 shares of Philip Morris International which is valued at $39,264,624. Philip Morris International makes up approx 0.59% of Bb&t Securities’s portfolio.Welch Group reduced its stake in PM by selling 12,636 shares or 65.46% in the most recent quarter. The Hedge Fund company now holds 6,667 shares of PM which is valued at $668,433. Philip Morris International makes up approx 0.13% of Welch Group’s portfolio.

Philip Morris International opened for trading at $99.8 and hit $100.67 on the upside on Thursday, eventually ending the session at $100.62, with a gain of 0.69% or 0.69 points. The heightened volatility saw the trading volume jump to 33,14,443 shares. Company has a market cap of $156,095 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Philip Morris International - Is it time to Sell?

Top Brokerage Firms are advising their investors on Philip Morris International. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.