The Solution is to move the policies from the Actions menu.
Navigate from the Actions Menu to Software > Patch Remedation Center.
Go to the Folder with the Policies to be moved.
In the Left Pane select the root folder and let it populate the Right pane.
From the Right Pane select the Polices to be moved and then Right-Click move.
Not sure why the Actions menu option is different. I will assume there is a different workflow being called to perform the Bulk Move function.
Read: https://www-secure.symantec.com/connect/forums/how-move-group-patches-folder
Hope this helps as a workaround.
Todd