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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Hodges Capital Management increased its stake in Philip Morris by 575.9% during the first quarter, following the company's strong Q1 results which included $1.96 earnings per share and $10.15 billion in revenue. Additionally, Fifth Third Bancorp raised its holdings in Philip Morris by 70.3%, acquiring an additional 401,858 shares. During the same period, the institution also grew its stake in Amgen by 57.2%, bringing its total investment value in the company to $162.3 million.