5 Best Pharma Stocks To Buy Now

1. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 70

Pfizer Inc. (NYSE:PFE) is a New York-based pharmaceutical giant that is widely known as one of the best pharmaceutical stocks in the industry.

Pfizer Inc. (NYSE:PFE) stock offers an attractive forward dividend yield of 3.63% as of October 21 and has increased its dividend for the past 12 consecutive years. Furthermore, the company has paid quarterly dividends for the last 335 consecutive quarters. In the past decade, Pfizer Inc. (NYSE:PFE) has increased its dividend by more than 82%.

Furthermore, during Q2 2022, Pfizer Inc. (NYSE:PFE) reported the highest quarterly revenue in history. Pfizer Inc. (NYSE:PFE) is also looking to obtain approval for Paxlovid for treating vaccinated and non-vaccinated patients suffering from COVID-19. The company has guided that it will generate revenue of $22 billion from the sales of Paxlovid during this year.

Here’s what Carillon Tower Advisers said about Pfizer Inc. (NYSE:PFE) in its Q2 2022 investor letter:

“Pfizer Inc. (NYSE:PFE) is a research-based global biopharmaceutical company. The United States agreed to pay Pfizer and its vaccine partner more than $3 billion in a deal for their messenger RNA shots against COVID-19. Additionally, the U.S. Food and Drug Administration authorized the company’s COVID vaccine for children aged 5 to 11.”

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