Reported about 1 month ago
Billionaire investor Stanley Druckenmiller has made a significant investment in Philip Morris International, acquiring over 889,000 shares, driving the stock's rise by 41% this year. Despite declines in the global smoking market, Philip Morris has leveraged next-generation products to achieve impressive growth, reported a robust third-quarter earnings that exceeded forecasts, and announced a raised full-year guidance. With strong operational performance and a 4.5% dividend yield, market analysts consider it an opportune time to invest.
Source: YAHOO