Philip Morris International (PM) is seen as a defensive stock currently, yet its 4.2% dividend yield and significant growth—over 50% in five years—make it appealing for stability.
The shift toward smoke-free products like Iqos and Zyn, coupled with its attractive valuation, positions Philip Morris favorably for long-term investors looking for consistent returns.
Notable investor interest in Philip Morris is evidenced by significant purchases, such as the Duquesne Family Office acquiring 250,000 shares, signaling confidence in the stock's potential.
Ken Griffin's Citadel Advisors has also invested heavily, holding 2.9 million shares worth $352.4 million, illustrating a growing belief in Philip Morris's long-term value.
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