Philip Morris International Inc. (PM) has witnessed increased stock positions as noted by Range Financial Group LLC. The company's Q3 2024 earnings were strong prompting an increment in stock price. PM's shares recently hit an all-time high, boosted by robust Q3 performances. Impressive quarterly results drove a rise of 70% in Philip Morris stock, outperforming other consumer staples stocks. Its US Affiliate plans to create 500 jobs through a $600 million investment in a new manufacturing facility in Aurora, Colo. Philip Morris also raised the 2024 Guidance for Reported Diluted EPS to $6.20 - $6.26 and Adjusted Diluted EPS to $6.45 - $6.51 after reporting 2024 third-quarter & first nine-month results. Embracing innovation, PM witnessed increased revenues from smoke-free products. The successful completion of the Vectura Group Ltd sale contributes to their non-traditional product line growth. Insiders continue to buy into the bullish prediction for Philip Morris with investor Stan Druckenmiller notably betting on the company. The company's dividend payout continues to remain attractive for investors.
Philip Morris International PM News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Fri, 10 Jan 2025 19:45:18 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -2
