CenterBook Partners LP significantly reduced its stake in Philip Morris International Inc. (NYSE:PM) by 46.9% in the third quarter, selling 71,717 shares and retaining 81,230 shares valued at approximately $13.18 million. Despite this, other institutional investors increased their holdings. Wall Street analysts maintain a “Moderate Buy” consensus rating for Philip Morris with an average target price of $194.06, supported by a 3.2% dividend yield.
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Philip Morris International Inc. $PM Shares Sold by CenterBook Partners LP
CenterBook Partners LP significantly reduced its stake in Philip Morris International Inc. (NYSE:PM) by 46.9% in the third quarter, selling 71,717 shares and retaining 81,230 shares valued at approximately $13.18 million. Despite this, other institutional investors increased their holdings. Wall Street analysts maintain a “Moderate Buy” consensus rating for Philip Morris with an average target price of $194.06, supported by a 3.2% dividend yield.