The Manufacturers Life Insurance Company Cuts Stock Holdings in Philip Morris International Inc. $PM
MarketBeat
The Manufacturers Life Insurance Company reduced its stake in Philip Morris International Inc. by 10.7% in Q2, selling 121,426 shares but still holding over 1 million shares valued at $183 million. Despite this, analysts maintain a "Moderate Buy" rating with an average price target of $205.89, following Philip Morris's recent earnings beat of $2.20 EPS and $11.19 billion in revenue, exceeding expectations. The company also provided Q3 2026 EPS guidance of $2.20-$2.25.
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