Philip Morris International (PM) continues to be popular among hedge funds and reached a 2-year high before earnings due to factors such as a strategic SWOT insight and its success in smoke-free products. PM stock is reported to be 16% higher than its pre-shock high during the 2008 recession despite a miss in Q4. They are currently bullish, with street analysts purporting a rise in the stock. The company also overcame an inflation shock during 2022. Their recent raise in guidance and Q1 2024 earnings beat expectations despite EPS lags. PM is projected to benefit from their focus on smoke-free products. Their Zyn product is anticipated to propel the stock higher, and they plan to open a $600M plant in Colorado to meet its rising demand. PM has outperformed competitors despite daily gains not being as high on certain days. They have declared regular quarterly dividends of $1.30 p/share, showing potential to be a good stock for dividends. Recently, PM surged ahead of market projections in Q1 and also reported strong full-year earnings. Despite a subpoena from the District of Columbia, their strategic insight makes PM an attractive investment.
Philip Morris International PM News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sat, 10 Aug 2024 21:57:37 GMT -
Rating 7
- Innovation 6
- Information 7
- Rumor -6
