PNC Financial Services Group Inc. reduced its stake in Philip Morris International Inc. by 4.0% in the third quarter, selling 110,164 shares and now holding 2,656,084 shares valued at approximately $430.8 million. Analyst sentiment for Philip Morris is mixed, with a consensus of “Moderate Buy” and an average price target of $194.06, despite a recent downgrade from Jefferies. The company reported Q4 EPS of $1.70 and revenue of $10.36 billion, while also announcing a quarterly dividend of $1.47, reflecting an annual yield of around 3.1%.
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Philip Morris International Inc. $PM Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. reduced its stake in Philip Morris International Inc. by 4.0% in the third quarter, selling 110,164 shares and now holding 2,656,084 shares valued at approximately $430.8 million. Analyst sentiment for Philip Morris is mixed, with a consensus of “Moderate Buy” and an average price target of $194.06, despite a recent downgrade from Jefferies. The company reported Q4 EPS of $1.70 and revenue of $10.36 billion, while also announcing a quarterly dividend of $1.47, reflecting an annual yield of around 3.1%.