Mastercard Inc (MA), Philip Morris International Inc. (PM), Wells Fargo & Co (WFC): Gardner Russo and Gardner Likes These Stocks

Next up is Philip Morris International Inc. (NYSE:PM), in which Gardner Russo disclosed ownership of 10.43 million shares, valued at $836.04 million. The stake represents a 3% increase over the quarter. Philip Morris International Inc. (NYSE:PM) is an international tobacco company, which has a market cap of $133.03 billion. Shares of the company have increased by 3.6% year-to-date. Philip Morris International Inc. (NYSE:PM) reported second quarter revenues of $6.9 billion, down by 12.0% compared to the same year-ago quarter. EPS for the quarter was $1.21, up by 3.4% versus $1.17 in the same quarter of last year. Among the investors we track is Harris Associates, which holds 3.89 million shares of Philip Morris as of the end of the first half of 2015.

Lastly is Wells Fargo & Co (NYSE:WFC), a diversified, community-based financial services company with $1.7 trillion in assets. Gardner Russo trimmed its stake in Wells Fargo & Co (NYSE:WFC) by 6,539 shares to 14.68 million shares, with a reported value of $825.33 million. With a market cap of $297.48 billion, Wells Fargo & Co (NYSE:WFC) is engaged in providing banking, insurance, investments, mortgage, and consumer and commercial finance services. The company’s stock has gained 3.23% YTD. Yesterday, Reuters reported that Wells Fargo & Co (NYSE:WFC) is planning to sell its crop insurance business. The company is reportedly going through strategic options for its Rural Community Insurance Services subsidiary, including a sale option. Wells Fargo & Co (NYSE:WFC) is also a favorite stock of Ken Fisher, whose firm Fisher Asset Management holds 18.70 million shares of the company as of June 30.

Disclosure: none