Philip Morris International (NYSE:PM) performed exceptionally well in the closing months of last financial year, with shares skyrocketing over
optimistic 2025 forecasts. Increasing consumer demand for
smoke-free alternatives offered by Philip Morris played a significant role in the unexpected upsurge, accompanied by steady growth in income from new product offerings— especially their heated tobacco device,
IQOS. The Q4 sales outperformance grabbed Wall Street's attention, making PM a choice pick among institutional investors. The company maintains a steady quarterly
dividend of $1.35 per share, adding to their relative attractiveness and stability for investors. Bio-tech innovator Jim Cramer, however, seems uninterested in tobacco stocks, while there are reports of insider sales. Plans are in the pipeline to sell PM's US
cigar business as the company repositions itself towards smoke-free alternatives. PMI recently affirmed its 2025 full-year forecast at the 2025 CAGNY Conference, solidifying confidence in its future performance. The business is also reinvesting in the community through a $600 million investment in a manufacturing facility in Aurora, creating 500 jobs.
Philip Morris International PM News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Fri, 28 Mar 2025 13:06:00 GMT -
Innovation 3
- Information 9
- Rumor -8
