Dakota Wealth Management significantly reduced its stake in Philip Morris International (NYSE:PM) by 44.4% in the third quarter, while other institutional investors increased their holdings. The company reported EPS of $1.70, matching estimates, but revenue of $10.36 billion fell slightly short. Philip Morris offers a quarterly dividend of $1.47, resulting in an annualized yield of 3.1%, and analysts currently maintain a “Moderate Buy” rating with an average price target of $196.83.
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Philip Morris International Inc. $PM Stock Holdings Lowered by Dakota Wealth Management
Dakota Wealth Management significantly reduced its stake in Philip Morris International (NYSE:PM) by 44.4% in the third quarter, while other institutional investors increased their holdings. The company reported EPS of $1.70, matching estimates, but revenue of $10.36 billion fell slightly short. Philip Morris offers a quarterly dividend of $1.47, resulting in an annualized yield of 3.1%, and analysts currently maintain a “Moderate Buy” rating with an average price target of $196.83.