5 Most Undervalued Retail Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 63

Philip Morris International Inc. (NYSE:PM) ranks 3rd in our list of the most undervalued retail stocks to buy according to hedge funds. Philip Morris International Inc. (NYSE:PM) is a reliable dividend payer with a 4.90% dividend yield as of February 2.

As of the end of the third quarter, 63 hedge funds tracked by Insider Monkey had stakes in Philip Morris International Inc. (NYSE:PM). The total value of these stakes was over $4.6 billion.