Close Asset Management Ltd Cuts Philip Morris International Stake by 4.7%

  Close Asset Management Ltd has reduced its stake in Philip Morris International by 4.7%.<\/p>

According to recent disclosures to the U.S. Securities and Exchange Commission (SEC), investment firm Close Asset Management Ltd has cut its stake in Philip Morris International Inc. by 4.7% in the third quarter. The firm sold 18,845 shares during this period and now holds 383,149 shares of the company.<\/p>

Philip Morris International accounts for approximately 1.8% of Close Asset Management Ltd's portfolio, making it the 18th largest holding. As per its latest SEC filing, Close Asset Management Ltd's stake in PMI is valued at $35.48 million.<\/p>