Independent Franchise Partners Reduces $230M in Philip Morris International Inc. ($PM)
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Independent Franchise Partners reduced its position in Philip Morris International Inc. ($PM) by 33.03% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,560,566 shares of Philip Morris International Inc. after selling 1,263,162 shares during the quarter. Independent Franchise Partners's holdings in Philip Morris International Inc. were worth $466.74 million as of its most recent filing.
Philip Morris International Inc. Stock Down 5.0%
Shares of Philip Morris International Inc. ($PM) traded around $182.28 on Saturday, down 5.0% for the day.
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About Philip Morris International Inc.
Philip Morris International Inc. operates as a tobacco company. The company offers cigarettes and smoke-free products, including heat-not-burn, e-vapor, and oral nicotine products under the IQOS, VEEV, and ZYN brands; and consumer accessories, such as lighters and matches. It also offers wellness products. The company was incorporated in 1987 and is headquartered in Stamford, Connecticut.
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