Philip Morris International (PM) continues to attract the interest of institutional investors, with its stock outperforming its competitors despite market losses. Principal Financial Group Inc, for instance, currently holds a staggering $215.41 million worth in shares. While retaining a regular quarterly dividend of $1.35 per share, PM also boasts impressive achievements such as its smoke-free products hitting a 38% of revenue milestone. Despite breaking rules on flavored tobacco bans, PM's all-time high is attracting more investors. Significant investments such as the $232 million in Kentucky by Swedish Match affiliate, and a $600 million investment in Aurora, Colorado, are fueling job creation and PM's surge. Earnings have risen by 70%, solidifying PM as a top pick for billionaires and investors. Concerns persist over the returns on capital, but PM's focus on smoke-free products is driving record revenues. Q3 2024 Earnings calls highlight continued growth amid challenges. Jim Cramer's reluctance to recommend tobacco stocks, however, introduces a note of caution. Before purchasing PM shares, investors should consider the critical metrics and expectations of its upcoming Q3 earnings, as the company has recently surpassed Nasdaq performance. PM's intrinsic value is estimated to be 86% higher than its share price highlighting its potential. Increased focus on dividends, recent earnings beat and raised outlook posit PM as a promising portfolio addition.
Philip Morris International PM News Analytics from Fri, 07 Jun 2024 07:00:00 GMT to Fri, 20 Dec 2024 17:39:00 GMT -
Innovation 3
- Information 8
- Rumor -4
