Sompo Asset Management cut PM stake, Summit Trail Advisors increased by 273.4%, while Q2 earnings surpassed expectations and analysts raised price targets.

Sompo Asset Management reduced its holdings in Philip Morris International (PM) by 8.2%, while Summit Trail Advisors increased theirs by 273.4% in Q2 2023. PM reported Q2 earnings of $1.59 per share, surpassing expectations, and a quarterly dividend of $1.35, yielding 4.47%. Institutional investors control 78.63% of PM's stock. Analysts have recently raised price targets for PM, indicating positive market sentiment.

September 21, 2024
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