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Belpointe Asset Management sold part of its shares in Philip Morris International, which beat earnings expectations.
Belpointe Asset Management recently reduced its stock position in Philip Morris International (PM) by 1.7%, selling 280 shares and retaining 15,890 shares worth about $1.959 million.
The stock has a "Moderate Buy" rating with an average target price of $145.44.
Philip Morris International, valued at $245.18 billion, reported earnings of $1.55 per share, exceeding analyst expectations.
The company is focusing on smoke-free products and portfolio evolution.
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Belpointe Asset Management vendió parte de sus acciones en Philip Morris International, lo que superó las expectativas de ganancias.