First Merchants Corp cut its stake in shares of Philip Morris International Inc. ( NYSE:PM – Free Report ) by 7.2% in the 2nd quarter, Holdings Channel reports. The fund owned 2,437 shares of the company's stock after selling 188 shares during the quarter. First Merchants Corp's holdings in Philip Morris International were worth $238,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock.

https://www.dailypolitical.com/2023/10/08/first-merchants-corp-trims-stock-position-in-philip-morris-international-inc-nysepm.html

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