Philip Morris International Inc. (PM) has been subject to a series of investment changes, with diverse entities boosting and trimming their stake in the company. Several holdings, including First Merchants Corp, Empowered Funds LLC, and Wingate Wealth Advisors Inc. have notably increased their stock position, a bullish sentiment echoed by the consistent surge of share prices and the optimistic 2025 outlook. Meanwhile, some companies such as Coho Partners Ltd. and Chevy Chase Trust Holdings LLC have sold their holdings. PM's transformation journey was noted at the CAGNY Conference, and its $14B shift to smoke-free products appears to be driving the company’s stock to all-time highs. This has led some to question if it’s too late to buy the stock. PM also reported robust Q4 2024 earnings, beating market expectations. Despite some insider selling, the surge in investment and positive forecast for the stock is noteworthy. The company maintains its dividend at $1.35 as smoke-free products reach a significant percentage of revenue. However, its status as a potential long-term investment is subject to debate.
Philip Morris International PM News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Sat, 15 Feb 2025 16:31:19 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
