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Davidson Investment Advisors Has $18.72 Million Stake in Philip Morris International Inc. $PM
Davidson Investment Advisors increased its stake in Philip Morris International Inc. by 21.8% in Q4, now holding 116,725 shares valued at $18.72 million. Other institutional investors have also adjusted their positions in the company. Philip Morris International recently received renewed FDA authorization for IQOS, maintaining a competitive advantage in the heat-not-burn market, and analysts anticipate potential Q1 EPS upside.