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Institutional investors increased stakes in Philip Morris, which beat earnings estimates and raised its dividend.
First Commonwealth Financial Corp increased its holdings in Philip Morris International by 1.8%, while other investors like FMR LLC and Bank of New York Mellon Corp also raised their stakes.
Philip Morris reported EPS of $1.91, beating estimates, and announced a quarterly dividend of $1.35.
Analysts have given mostly positive ratings, with price targets ranging from $105 to $155.
Institutional investors hold 78.63% of the stock.
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Los inversores institucionales aumentaron las participaciones en Philip Morris, lo que superó las estimaciones de ingresos y aumentó su dividendo.