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ResolvedStocks

Hodges Capital Boosts Philip Morris Stake by 576% Following Strong Q1 Results

First Detected: Jul 7, 2026, 2:03 PM
Last Update: about 2 months ago
22 articles·2 stories

Event Summary

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.

Timeline

Fifth Third Bancorp Accelerates Institutional Buying with Major Intel and Blackstone Stakes
Jul 12, 2026, 3:45 PMImpact: 4

Price Impact

Since event start
PM-2.80%
AMGN+21.20%