Philip Morris International Inc. (PM) has been making significant strides in the industry and its performance has caught the attention of investors. The company has been labeled as a top sin stock to invest in 2025 and has been noted as a strong high-yield dividend stock. There are reports that several firms like Fifth Third Bancorp, Euro Pacific Asset Management and Magnus Financial Group et al. have bolstered their holdings in the company. Philip Morris is enduring some challenges in capital allocation and concerns about its returns on capital reflecting poorly on the business. Meanwhile, the stock set an all-time high while hitting a 38% revenue milestone in smoke-free products. Its Q3 report showed strong growth amidst challenges, and the company is looking to expand by investing in job creation. Furthermore, Philip Morris' Swedish Match affiliate is set to add around 450 jobs through a $232 Million investment in Kentucky. The company continues to impress with reported record revenues driven primarily by smoke-free products. The future appears promising with the company's significant guidance raises and plans to reward its shareholders.
Philip Morris International PM News Analytics from Fri, 07 Jun 2024 07:00:00 GMT to Sat, 25 Jan 2025 13:25:09 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -1
