Philip Morris International (PM) has seen notable activity recently. Major events include
Sei Investments Co. purchasing 35,966 shares and billionaire Stan Druckenmiller betting on the company.
Tucker Carlson has criticized Philip Morris, and the company has defended itself. The company's
stock had been underperforming but recovered its stride, aided by dividend hikes, earnings beats, and raised outlooks.
Hedge funds have shown bullish sentiment towards Philip Morris, while others think Redditors see it as a strong defensive stock. In the last five years, shareholders have earned an 18% Compound Annual Growth Rate (CAGR), and during Q2 of this or the next year, the stock gained thanks to higher HTU sales. Philip Morris announced an increase in dividend by 3.8% and a planned investment of $600 million in a manufacturing facility in Aurora, Colorado, expected to create 500 jobs. The sale of Vectura Group by Philip Morris's subsidiary, Vectura Fertin Pharma Inc., to Molex was also highlighted. There are multiple speculations on whether Philip Morris is a good stock to buy, with arguments focused on its strong performance, dividend growth, raised guidance, and diversification into smoke-free products.
Philip Morris International PM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sun, 22 Sep 2024 09:47:42 GMT -
Rating 8
- Innovation 4
- Information 8
- Rumor 2
