Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Philip Morris International Inc. $PM

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Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Philip Morris International Inc. by 4.0% in the third quarter, bringing their total holdings to 5,125,522 shares worth $831.36 million. Other institutional investors also adjusted their positions in the company, which reported quarterly earnings of $1.70 per share and revenues of $10.36 billion. Analysts expect the company to post diluted earnings per share of $7.14 for the current fiscal year.

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