5 Most Undervalued Pharma Stocks To Buy According To Hedge Funds

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1. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 77

P/E Ratio as of January 23: 8.64

Pfizer Inc. (NYSE:PFE) is an American multinational company that discovers, develops, manufactures, markets, distributes, and commercializes biopharmaceutical products worldwide. On January 17, Pfizer Inc. (NYSE:PFE) said it expanded its commitment to ‘An Accord for a Healthier World’ to provide the full portfolio of medicines and vaccines on a not-for-profit basis for 45 lower-income countries.

According to Insider Monkey’s third quarter database, 77 hedge funds were bullish on Pfizer Inc. (NYSE:PFE), compared to 70 funds in the prior quarter. Cliff Asness’ AQR Capital Management is the largest stakeholder of the company, with 10.6 million shares worth $467.5 million. It is one of the most undervalued pharma stocks to invest in according to elite investors. 

Diamond Hill Capital made the following comment about Pfizer Inc. (NYSE:PFE) in its Q3 2022 investor letter:

“Also among our bottom contributors were health care products manufacturer Abbott Labs, global pharmaceutical company Pfizer Inc. (NYSE:PFE), media and technology giant Alphabet, and insurance company American International Group (AIG). Although Pfizer continues to report strong performance of its core drugs, sales of its COVID vaccine and treatment have likely peaked and sales are expected to decline going forward. We remain optimistic about the company long term as we believe management is taking the company in the right direction, focusing R&D, and making strategic acquisitions with profits generated from COVID vaccine sales.”

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