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Brown Brothers Harriman & Co. Decreases Position in Philip Morris International Inc. $PM
Brown Brothers Harriman & Co. recently reduced its stake in Philip Morris International Inc. (NYSE:PM) by 6.2%, selling 29,791 shares. Despite this, other institutional investors have either purchased new stakes or increased their holdings in the company. Philip Morris International reported its quarterly earnings, meeting analyst estimates, and announced a quarterly dividend of $1.47 per share.