Philip Morris International (PM) : Summit Asset Management reduced its stake in Philip Morris International by 2.42% during the most recent quarter end. The investment management company now holds a total of 3,864 shares of Philip Morris International which is valued at $381,995 after selling 96 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Philip Morris International makes up approximately 0.17% of Summit Asset Management’s portfolio.
Other Hedge Funds, Including , Norinchukin Bank The reduced its stake in PM by selling 7,895 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 222,193 shares of PM which is valued at $21,966,000. Philip Morris International makes up approx 0.51% of Norinchukin Bank The’s portfolio.Simmons Bank reduced its stake in PM by selling 435 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 21,042 shares of PM which is valued at $2,083,789. Philip Morris International makes up approx 0.23% of Simmons Bank’s portfolio. Quantbot Technologies Lp added PM to its portfolio by purchasing 27,541 company shares during the most recent quarter which is valued at $2,727,385. Philip Morris International makes up approx 0.28% of Quantbot Technologies Lp’s portfolio.Morgan Dempsey Capital Management boosted its stake in PM in the latest quarter, The investment management firm added 5,625 additional shares and now holds a total of 25,010 shares of Philip Morris International which is valued at $2,507,503. Philip Morris International makes up approx 0.83% of Morgan Dempsey Capital Management’s portfolio.Genesee Valley Trust Co boosted its stake in PM in the latest quarter, The investment management firm added 537 additional shares and now holds a total of 21,630 shares of Philip Morris International which is valued at $2,105,248. Philip Morris International makes up approx 1.37% of Genesee Valley Trust Co’s portfolio.
Philip Morris International closed down -0.39 points or -0.39% at $98.61 with 52,56,666 shares getting traded on Monday. Post opening the session at $99.14, the shares hit an intraday low of $98.54 and an intraday high of $99.18 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 $1.15 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.