5 Best Hemp Stocks To Buy Now

2. Philip Morris International, Inc. (NYSE:PM)

Number of Hedge Fund Holders: 46

Philip Morris International, Inc. (NYSE:PM) is a multinational tobacco and hemp product manufacturing company based in New York. The most famous of the company’s products include Marlboro cigarettes. The Swiss-American company comes in at second on our list of the 11 best hemp stocks to buy now.

Terry Smith of Fundsmith LLP is one of the biggest stakeholders of Philip Morris International, Inc. (NYSE:PM) as of the end of the second quarter, according to the data tracked by Insider Monkey. Overall, 46 funds were bullish on the company by the end of the June quarter, compared to 48 in the previous quarter.

Earlier on August 19, Deutsche Bank analyst Gerry Gallagher raised his price target on Philip Morris International, Inc. (NYSE:PM) to $120 from $114, and kept a Buy rating on the shares.