Philip Morris International Inc. (PM) has been the subject of substantial bullish interest, including coverage initiation by analysts and increased holdings by numerous financial institutions like Tompkins Financial Corp, Merit Financial Group LLC, Wedmont Private Capital, and Kathmere Capital Management LLC. Performance-wise, PM shares have surged to all-time highs following robust third-quarter results, leading to the organization raising its guidance for 2024. The company also achieved significant milestones through its non-combustible product line, contributing approximately 38% of total revenue. Large-scale investment plans by the US affiliate intend to generate 500 new jobs by investing $600 million in a Colorado manufacturing plant. Comparatively, however, PM's stock underperformed on specific days versus competitors. Dividends have risen by 3.8% to an annualized rate of $5.40 per share, with the regular quarterly dividend being $1.35. Investors favour PM due to its steady dividend growth, sparked by the shift to smoke-free products. Nevertheless, there's minor bearish sentiment too, noticeable from a marginal 0.8% dip post the earnings report and insider stock disposals.
Philip Morris International PM News Analytics from Fri, 07 Jun 2024 07:00:00 GMT to Sat, 18 Jan 2025 15:13:44 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
