5 Best Sin Stocks To Invest in 2024

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

Number of Hedge Fund Holders: 62

Philip Morris International Inc. (NYSE:PM) is a famous tobacco products manufacturer and distributor that sells its products under the brands of Marlboro, Parliament, Virginia S., L&M, Lark, Merit, and others.

On December 7, Philip Morris International Inc. (NYSE:PM) declared a quarterly dividend of $1.30, payable by January 10 to the shareholders of record on December 21. The stock’s dividend yield was 5.49% at the time of writing on December 14.

Over the last three months, Philip Morris International Inc. (NYSE:PM) was covered by 11 Wall Street analysts, and 9 kept a Buy rating on the stock. The average price target of $107.59 represented an upside of 13.65% at the time of writing on December 14.

Ariel Investments commented on Philip Morris International Inc. (NYSE:PM) in its first-quarter 2023 investor letter. Here is what it said:

“Finally, tobacco maker, Philip Morris International Inc. (NYSE:PM) declined in the period on concerns related to supply-chain disruptions resulting from the war in Ukraine, which we view as temporary. We believe the favorable economics and margin expansion associated with market share gains from the IQOS brand and Reduced Risk Products should yield value creation opportunities in the years ahead. Furthermore, at current trading levels, we think the company’s operating leverage, pricing power, and free cash flow profile offer a margin of safety.”

Follow Philip Morris International Inc. (NYSE:PM)

You can also look at the 15 Best Motorcycle Insurance Companies Heading into 2024 and the 12 Best Growth Stocks to Buy Today According to Billionaire Ken Fisher.

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