Ninety One North America Reduces Investment in PMI

PMI by 2FIRSTS.ai

Dec.15.2023

Ninety One North America Reduces Investment in PMI

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

According to a report from Watchlistnews, American investment firm Ninety One North America Inc. has reduced its investment in Philip Morris International Inc. stocks by 12.0%.

After selling 84,538 shares, Ninety-One North America Corporation now owns only 620,984 shares of the company. Philip Morris International accounts for 2.8% of Ninety-One North America Corporation's investment portfolio, ranking as its 15th largest investment. As of the latest filing with the Securities and Exchange Commission (SEC), Ninety-One North America Corporation's investment value in Philip Morris International is $57,491,000.

Philip Morris International is a tobacco company that focuses on providing a smoke-free environment for the future. Its product portfolio includes not only tobacco and nicotine products but also non-tobacco alternatives. The company's product lineup primarily consists of cigarettes and smoke-free products, including heated tobacco, e-cigarettes, and oral nicotine products. Its main brands are IQOS and ZYN, along with consumer accessories such as lighters and matches.

References:

[1] Ninety One North America Inc. Sells 84,538 Shares of Philip Morris International Inc. (NYSE:PM)

Also Read:

[1] Auxier Asset Management Increases Stake in PMI

[2] Dilemma of BAT: Slayed Camel is the Last Straw to Crush Investors

[3] PMI Appoints Kurnia Adhi Sulistyawan as Manufacturing Director for Romanian Factory

#North America #United States #Traditional tobacco #PMI

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