30 Best Stocks To Invest In According to Billionaires

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

No. of Billionaire Investors: 22

Total Value of Billionaire Holdings: $9.21 Billion

Philip Morris International Inc. (NYSE:PM) is an American multinational tobacco company that also offers a wide range of related products. The company is potentially evaluating the sale of its U.S. cigar business as it focuses on smoke-free offerings. Philip Morris’ transition towards smoke-free offerings may have lifted the company’s shares by more than 20% over the last month.

The potential divestiture of its cigar business reflects the company’s continued commitment to evolving its portfolio, resonating positively with investors. Philip Morris International Inc. (NYSE:PM) posted Q4 2024 net sales of $9.71 billion, up by 7.3% year-over-year and surpassing estimates of $9.44 billion. The increase in quarterly sales is a continuous development following strong growth from its products ZYN and IQOS.

Philip Morris International Inc. (NYSE:PM) projected stronger-than-expected profit growth for 2025, driven by the robust expansion of its nicotine pouch brand, ZYN, and rising demand for smoke-free alternatives. The potential divestiture could be a great move by the company as they can invest more in their growing smoke-free products.

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