Philip Morris International Inc. (NYSE:PM) has been experiencing significant market movement with a host of stakeholders including Cortland Associates Inc. MO, Cerity Partners LLC, Ninety One SA PTY Ltd, and Concurrent Investment Advisors LLC, among others, acquiring and selling large numbers of shares. Citigroup initiated a new $200.00 price target on Philip Morris International while JPMorgan Chase & Co. set a new $190.00 price target. Jefferies Financial Group has started covering Philip Morris International. Reflecting a favorable market outlook, several investors like the Arizona State Retirement System hold substantial positions in the company, and investment firms have continued to augment or decrease their stakes. Meanwhile, equity performance predictions remain robust, buoyed by the company's smoke-free strategy. The shift towards smoke-free products is also expected to strengthen growth until 2025, positively affecting the overall valuation. However, some reports suggest that the current valuation might look overstretched, and insider selling may hint at possible bearish signals. Notably, Philip Morris International has also delivered a strong dividend report, declaring a US$1.35 dividend and the appointment of a new U.S. Communications officer is announced.
Philip Morris International PM News Analytics from Wed, 16 Apr 2025 07:00:00 GMT to Sat, 12 Jul 2025 13:09:22 GMT - Rating 8 - Innovation 5 - Information 8 - Rumor -2
