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Stratos Wealth Partners LTD. Reduces Stake in Philip Morris International Inc. $PM
Stratos Wealth Partners LTD. has reduced its stake in Philip Morris International Inc. by 17.0% in the fourth quarter, selling 7,447 shares and holding 36,479 shares valued at $5,851,000. Despite this reduction, other institutional investors have increased their holdings significantly. Analyst ratings currently suggest a “Moderate Buy” for PM stock with an average price target of $196.83.