{"id":39413,"date":"2013-12-05T11:26:38","date_gmt":"2013-12-05T16:26:38","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=39413"},"modified":"2013-12-05T11:26:38","modified_gmt":"2013-12-05T16:26:38","slug":"philip-morris-international-inc-pm-are-hedge-funds-lighting-up-this-stock","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2013\/philip-morris-international-inc-pm-are-hedge-funds-lighting-up-this-stock.html","title":{"rendered":"Philip Morris International Inc. (PM): Are Hedge Funds Lighting Up This Stock?"},"content":{"rendered":"<p>Philip Morris International Inc.\u00a0made some headlines Wednesday when it announced an agreement to buy a 20-percent stake in Russian distributor firm Megapolis for about $750 million, according to reports. Megapolis is the Russia distributor for Philip Morris International Inc., wich is the second-largest world market for cigarettes. \u00a0With the news, Philip Morris International Inc. said the deal, which may close by year\u2019s end, should boost earnings per share as early as the March quarter of 2014. While that may seem like good news, how do some of the world\u2019s savviest investors \u2013 those who run multi-billion-dollar hedge funds \u2013 fel about the company and the stock? Let\u2019s take a deeper look.<\/p>\n<p>Philip Morris International Inc. (NYSE:PM) investors should be aware of an increase in support from the world\u2019s most elite money managers of late.\u00a0PM\u00a0was in 57 hedge-fund portfolios at the end of September. There were 55 hedge funds in our database with PM holdings at the end of the previous quarter.<\/p>\n<p><a href=\"http:\/\/news.cincinnati.com\/article\/20131203\/NEWS\/312030093\/Class-action-suit-seeks-50M-from-hedge-fund-s-money-manager\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philip Morris International Inc.\u00a0made some headlines Wednesday when it announced an agreement to buy a 20-percent stake in Russian distributor firm Megapolis for about $750 million, according to reports. Megapolis is the Russia distributor for Philip Morris International Inc., wich [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39413","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=39413"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39413\/revisions"}],"predecessor-version":[{"id":39414,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39413\/revisions\/39414"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=39413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=39413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=39413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}