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.

November 27, 2024
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