Veritas Investment Management (uk) Ltd Lowers stake in Philip Morris International (PM)

Philip Morris International (PM) : Veritas Investment Management (uk) Ltd reduced its stake in Philip Morris International by 0.54% during the most recent quarter end. The investment management company now holds a total of 27,470 shares of Philip Morris International which is valued at $2,707,169 after selling 150 shares in Philip Morris International , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Philip Morris International makes up approximately 1.21% of Veritas Investment Management (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in PM in the latest quarter, The investment management firm added 936 additional shares and now holds a total of 2,397,945 shares of Philip Morris International which is valued at $236,317,480. Philip Morris International makes up approx 0.13% of Dimensional Fund Advisors Lp’s portfolio.Parsec Financial Management reduced its stake in PM by selling 25 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 5,714 shares of PM which is valued at $572,886. Philip Morris International makes up approx 0.05% of Parsec Financial Management’s portfolio.Valicenti Advisory Services Inc boosted its stake in PM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 15,779 shares of Philip Morris International which is valued at $1,535,770. Philip Morris International makes up approx 0.94% of Valicenti Advisory Services Inc’s portfolio.Greylin Investment Mangement Inc reduced its stake in PM by selling 200 shares or 9.09% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of PM which is valued at $194,660. Philip Morris International makes up approx 0.04% of Greylin Investment Mangement Inc’s portfolio. Fox Run Management L.l.c. added PM to its portfolio by purchasing 2,400 company shares during the most recent quarter which is valued at $239,160. Philip Morris International makes up approx 0.11% of Fox Run Management L.l.c.’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.

Comments (0)

Leave a Reply

Your email address will not be published.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