Ninety One North America Cuts Philip Morris International Holdings by 12%, Latest Position Valued at

  Ninety One North America has reduced its stock investment in Philip Morris International by 12%, while several hedge funds have increased their stakes in the company. Insiders at Philip Morris International have sold shares, resulting in a slight increase.

According to Watchlistnews, Ninety One North America Inc. has reduced its investment in Philip Morris International Inc. by 12.0%.

After selling 84,538 shares at this stage, Ninety One North America now holds 620,984 shares of the company. Philip Morris International accounts for 2.8% of Ninety One North America's portfolio, making it the 15th largest investment. As of the latest filing with the Securities and Exchange Commission (SEC), Ninety One North America's investment in Philip Morris International is valued at $57,491,000.

Philip Morris International is a tobacco company focused on providing a smoke-free environment for the future, with a long-term product portfolio that includes products beyond tobacco and nicotine. The company's product range mainly includes cigarettes and smokeless products, including heated tobacco, e-cigarettes, and oral nicotine products, primarily under the IQOS and ZYN brands, as well as consumer accessories like lighters and matches.