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Philip Morris International Inc. $PM Shares Sold by Banco Santander S.A.
Banco Santander S.A. significantly reduced its stake in Philip Morris International Inc. by 39.4% in the third quarter, selling 55,241 shares. Other institutional investors showed mixed activity with some increasing and others initiating new positions in PM. The article also details PM’s recent financial performance, dividend announcement, analyst ratings, and insider trading activity by CEO Jacek Olczak and CFO Emmanuel Babeau.