AlTi Global Inc., DoubleLine ETF Adviser LP, Ariel Investments LLC, Adage Capital Partners GP LLC, Advisors Asset Management Inc, Maverick Capital Ltd, The Manufacturers Life Insurance Company, Rafferty Asset Management LLC, Guggenheim Capital LLC, and AlphaQuest LLC have made the decision to
sell shares of
Philip Morris International Inc. (PM). Yet, there is a slew of companies, including
Copperleaf Capital LLC, Curi RMB Capital LLC, Aprio Wealth Management LLC, Driehaus Capital Management LLC, Trexquant Investment LP, Magnetar Financial LLC, Vident Advisory LLC, Focus Partners Advisor Solutions LLC, Baird Financial Group Inc., Landscape Capital Management L.L.C., Panagora Asset Management Inc., Steamboat Capital Partners LLC, Huber Capital Management LLC, Clough Capital Partners LP, FORA Capital LLC, Okabena Investment Services Inc., Warwick Investment Management Inc., Ieq Capital LLC, Broyhill Asset Management LLC and others,
increasing their stakes or taking new positions in PM. Despite a slightly lower-than-expected profit guidance, PM appears resilient - enjoying
strong growth in its smoke-free products and
upgraded outlook. However, the company's shares tumbled due to
sales miss estimates. PM is aiming for
$2 billion cost savings by 2026 and participated in the 2025 Barclays Global Consumer Staples Conference.
Surging sales in smoke-free products may shift PM's investment narrative. The company's
second-quarter 2025 earnings beat expectations. The question on investors' minds remains - is it time to buy the dip or run for the hills?
Philip Morris International PM News Analytics from Sat, 01 Feb 2025 08:00:00 GMT to Sat, 06 Sep 2025 13:12:24 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor 1
