Gqg Partners Reduces $902M in Philip Morris International Inc. ($PM)
Key Points
- Gqg Partners changed its Philip Morris International Inc. ($PM) stake by 9.1% last quarter, cutting to 50,105,900 shares worth $9.06 billion.
- Wall Street's consensus rating on $PM is Buy and an average price target of $193.86.
- $PM last traded around $180.77.
Gqg Partners trimmed its position in Philip Morris International Inc. ($PM) by 9.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,105,900 shares of Philip Morris International Inc. after selling 4,990,416 shares during the quarter. Gqg Partners's holdings in Philip Morris International Inc. were worth $9.06 billion as of its most recent filing.
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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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