Rothschild Capital Partners Exits Position in Philip Morris International (PM)

Philip Morris International (PM) : Rothschild Capital Partners has sold out all of its stake in Philip Morris International during the most recent quarter, according to the disclosure filed by the company on Jul 26, 2016 with the SEC. The investment management company has sold out 2,750 shares of Philip Morris International which is valued at $267,658.

Other Hedge Funds, Including , Calamos Wealth Management reduced its stake in PM by selling 801 shares or 4.59% in the most recent quarter. The Hedge Fund company now holds 16,662 shares of PM which is valued at $1,621,712. Philip Morris International makes up approx 0.31% of Calamos Wealth Management’s portfolio.Old Mutual Global Investors (uk) Ltd. boosted its stake in PM in the latest quarter, The investment management firm added 77,460 additional shares and now holds a total of 629,482 shares of Philip Morris International which is valued at $62,847,483. Philip Morris International makes up approx 1.12% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Trust Co Of Oklahoma reduced its stake in PM by selling 400 shares or 3.42% in the most recent quarter. The Hedge Fund company now holds 11,305 shares of PM which is valued at $1,164,415. Philip Morris International makes up approx 0.63% of Trust Co Of Oklahoma’s portfolio.

Philip Morris International opened for trading at $99.29 and hit $100.4 on the upside on Friday, eventually ending the session at $100.26, with a gain of 1.17% or 1.16 points. The heightened volatility saw the trading volume jump to 55,82,121 shares. Company has a market cap of $155,536 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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