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Philip Morris International Inc. $PM Shares Acquired by Alps Advisors Inc.
Alps Advisors Inc. increased its stake in Philip Morris International (PM) by 3.6% in the third quarter, holding 174,973 shares valued at $28.38 million. Other institutional investors also adjusted their positions, with overall institutional ownership reaching 78.63%. Despite mixed Q4 results with in-line EPS but slightly missed revenue, the company raised its full-year 2026 EPS guidance, maintaining a consensus “Moderate Buy” rating among analysts.