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Investment firms boosted stakes in Philip Morris, which beat earnings and raised its dividend.
Several investment firms increased their stakes in Philip Morris International Inc. (PM), buying shares despite the stock rising 3.1% in the last quarter.
PM reported earnings of $1.69 per share, beating estimates, and revenue of $9.30 billion, up 5.8% year-over-year.
The company's market cap is $281.90 billion, and it has a PE ratio of 37.34.
Analysts gave PM a "Moderate Buy" rating with a price target of $176.80.
PM recently announced a quarterly dividend of $1.35 per share, set for July 15th, with a yield of 2.98%.
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Las empresas de inversión aumentaron sus participaciones en Philip Morris, que superaron las ganancias y aumentaron su dividendo.