Advisors Capital Management LLC Buys 23,939 Shares of Philip Morris International Inc. $PM

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Advisors Capital Management LLC has increased its stake in Philip Morris International (NYSE:PM) by 3.5%, acquiring an additional 23,939 shares during the third quarter, bringing their total holdings to 698,892 shares valued at $113.36 million. The company’s recent earnings reported $1.70 EPS, matching estimates, with revenue slightly below expectations. Philip Morris International also announced a quarterly dividend of $1.47 per share, yielding 3.2% annually, and has a “Moderate Buy” consensus rating from analysts with an average price target of $194.06.

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