Institutional investors adjust holdings in Philip Morris despite strong quarter and "buy" rating.

CNB Bank and several other institutional investors have adjusted their holdings in Philip Morris International Inc. (PM), with some increasing and others decreasing their stock positions. Despite internal sell-offs by company insiders, analysts maintain a "buy" rating, with some raising their price targets. PM reported a strong quarter, exceeding earnings expectations at $1.91 per share and announcing a $1.35 quarterly dividend. Institutional investors now hold 78.63% of the company’s stock.

2 months ago
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