Philip Morris International Inc. (NYSE:PM) has experienced a wide array of market movements and investment activity. They're a preferred choice amongst
institutional investors with significant stake changes by firms like Kinsale Capital Group, Natixis Advisors, RIA Advisory Group, and CIBC Asset Management. Although the stock has underperformed on several days compared to competitors, it has also outperformed and hit
all-time highs. The company is known for its
dividend payouts and is considered a promising buy among top dividend contenders, making it a popular choice amongst defensive investors. It has exceeded earnings expectations and risen significantly, with
strong third-quarter results and an optimistic outlook. Record revenues were driven by the company's success in smoke-free products, contributing to its high market performance. However, the company recently saw a US$6.9b market cap decline, although institutional owners are still optimistic thanks to
long-term green profits. The company has also invested in manufacturing and job creation in the U.S. It notably increased its
dividend by 3.8%, added jobs with a $232 million investment in Kentucky, and received high ratings by Goldman Sachs as well as other big names. However, there were also insider selling activities which contributed to stock price changes.
Philip Morris International PM News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Sat, 16 Nov 2024 16:37:50 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 2
