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.