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Philip Morris International reported strong Q1 results and continued shifting to smoke-free products, with mixed institutional trading activity.
Philip Morris International saw mixed institutional activity in Q2, with Optivise Advisory Services LLC acquiring 1,901 shares and Huntington National Bank increasing its stake by 4%, while Sigma Planning Corp reduced its holding by 17.3%.
The company reported $1.59 earnings per share and $8.12 billion in revenue for Q1, with a market cap of $225.06 billion and a stock price of $144.58.
Analysts maintain a consensus "Moderate Buy" rating, a $194.00 target, and a 4.1% dividend yield, as the firm continues shifting toward smoke-free products like IQOS and ZYN.
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Philip Morris International reportó resultados sólidos en el primer trimestre y continuó cambiando a productos libres de humo, con una actividad comercial institucional mixta.