10 Best Low Volatility Stocks to Buy Now

7. Philip Morris International Inc. (NYSE:PM)

5-Year Monthly Beta: 0.49

No. of Hedge Fund Holders: 102

Philip Morris International (NYSE:PM) is a US-listed multinational tobacco company with a diverse portfolio of tobacco and nicotine products. The company is working towards a “smoke-free future” by developing and commercializing smoke-free products rather than traditional cigarettes alongside a growing range of smoke-free alternatives marketed under prominent brands like IQOS (heat-not-burn and vapor) and ZYN (oral nicotine pouches).

Philip Morris International (NYSE:PM) continues to push its smoke-free agenda. PM made waves in the consumer discretionary sector earlier this year, after the U.S. Food and Drug Administration (FDA) authorized the marketing of all ZYN nicotine pouch products currently sold by Swedish Match (a PMI subsidiary) in the U.S, as reported by the BBC.

The trade tariffs also seem to have zero bearing on the stock’s performance. Its shares have surged by nearly 35% year-to-date, hitting a fresh 52-week high of $163.08 on April 3. This suggests that PMI’s diverse product portfolio, pricing power, and strategic focus on smoke-free alternatives are helping it navigate the tariff landscape.

Philip Morris International (NYSE:PM) revenue for the last quarter of 2024 was $9.71 billion, beating estimates by $269.71 million. The market currently awaits the release of quarterly earnings for 2025, with analysts estimating a topline of $9.14 billion. Philip Morris International’s (NYSE:PM) ongoing efforts to optimize its supply chain, invest in local production where feasible, and strategically price its products will be crucial in mitigating potential negative effects.