Phillip Morris International (PM) has received mixed coverage recently. Its stock has been noted to outperform competitors on several strong trading days. Firms such as Options Solutions, Okabena Investment Services, and GLOBALT Investments have recently acquired shares, suggesting confidence from institutional investors. However, the stock has also been outperformed by the market on some days. The company's
Zyn product reported good Q1 results, potentially propelling the stock higher.
Heated tobacco sticks are becoming more popular than traditional products, a positive sign for PM's future performance. The company's forecast for 2024 earnings was recently updated, while brokers and billionaire Paul Tudor Jones support the stock. Yet, Philip Morris saw a decrease in positions from Sei Investments and the Public Employees Retirement System of Ohio. There's still skepticism, with the sentiment eluding the company and a warning about CEO compensation, but it recently won an IQOS stock suit appeal.
Bulls are encouraged by PM's 5.6% dividend yield and smoke-free strategy, while following the recent missed Q4 projections, the
bears are citing volume concerns.
Philip Morris International PM News Analytics from Tue, 26 Dec 2023 08:00:00 GMT to Sun, 16 Jun 2024 18:31:46 GMT -
Rating -1
- Innovation 5
- Information 7
- Rumor -2
