Billionaires Bet Big on This Millionaire-Maker Stock

In the dynamic world of investing, billionaires often have a keen eye for stocks that have the potential to generate significant returns. One stock that has captured the attention of these uber-wealthy investors is Philip Morris International (PM). In the third quarter of 2024, prominent hedge fund managers, such as Stanley Druckenmiller, Ken Griffin, and Rajiv Jain, bought substantial stakes in Philip Morris, indicating their confidence in the company's prospects.

Philip Morris, a tobacco giant, has been a mainstay in the stock market for decades. However, its recent pivot towards next-generation smoke-free products has breathed new life into the company, making it a compelling investment for billionaires and regular investors alike. By focusing on innovative products like Iqos heat-not-burn sticks and Zyn nicotine pouches, Philip Morris has successfully tapped into a growing market of health-conscious consumers seeking alternatives to traditional cigarettes.

The company's transformation has been reflected in its financial performance. In the third quarter of 2024, Philip Morris reported a 11.6% organic revenue increase, driven by strong growth in heated tobacco units and oral smoke-free products. This robust growth, coupled with a 13.8% increase in operating income and a 14.4% rise in adjusted earnings per share, demonstrates the company's ability to adapt and thrive in a changing market landscape.

Moreover, Philip Morris' success in expanding its smoke-free product offerings has given it an edge over its competitors. The company's focus on international markets, where smoking rates are higher and the decline in cigarettes is slower, further insulates it from potential vicissitudes in U.S. trade policy.

Billionaires like Druckenmiller, Griffin, and Jain are betting on Philip Morris' ability to continue growing in this lucrative market while providing a generous dividend yield of 4.2%. By balancing income, growth, and a recession-resistant business model, Philip Morris has emerged as a rare gem in the investment world.



As Philip Morris continues its journey towards a smoke-free future, investors can expect a steady stream of growth and income. With the backing of prominent billionaires and a solid track record, Philip Morris has the potential to generate millionaire-making gains for both the ultra-wealthy and the rest of us.



In conclusion, Philip Morris International's transformation into a next-generation smoke-free products company has attracted the attention of billionaire investors. With its impressive financial performance, strategic focus, and generous dividend yield, Philip Morris is poised to deliver significant returns for investors. As the company continues to adapt and innovate, it remains an attractive and promising investment opportunity for both the uber-wealthy and the everyday investor.