HighTower Advisors LLC Purchases 9,240 Shares of Philip Morris International Inc. $PM

HighTower Advisors LLC increased its stake in Philip Morris International Inc. by 1.0% in the second quarter, purchasing 9,240 additional shares and bringing its total holdings to 980,986 shares valued at $177.5 million. The company has a "Moderate Buy" rating from analysts with an average price target of $205.89, and recently reported strong quarterly earnings, beating expectations with $2.20 EPS and $11.19 billion in revenue, while also offering a 3.2% dividend yield.