Philip Morris International (PM) remains a focal point for investors, with questions around its long-term investment potential. Despite some negative sentiment and transactions such as Logan Capital Management Inc. and Public Employees Retirement System of Ohio reducing their stake, numerous investment funds, including Franklin Resources Inc., Chiron Investment Management LLC, and Groupama Asset Management, have increased their holdings. PM's shifting focus towards smoke-free products has started to pay off, with these making up 38% of their revenue. PM had to settle a violation of flavored tobacco ban for $1.2 million, but their overall financial performance remains robust. They've declared a regular quarterly
dividend of $1.35 per share and their stock performance has been strong with significant daily gains. Additionally, the company's outperformance, driven by record revenues, expected to continue into the next year according to some experts. The company's intrinsic value is potentially 86% above its share price, which alongside a 3.8% increase in dividend, makes it attractive for
dividend seekers. PM's growth was boosted by strong sales in nicotine pouches (up 50.6%). Their focus on innovation – evidenced by consistent investment in manufacturing facilities, has led to solid Q3 earnings and an optimistic raised guidance for 2024.
Philip Morris International PM News Analytics from Fri, 07 Jun 2024 07:00:00 GMT to Sat, 14 Dec 2024 16:06:27 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -2
