5 Best COVID Stocks To Buy Now

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In this article, we discuss the 5 Best COVID Stocks To Buy Now. If you want to read our detailed analysis of the Covid stocks, go directly to read the 10 Best COVID Stocks To Buy Now.

5. Pfizer Inc. (NYSE:PFE)

Number of Hegde Funds: 67

Pfizer Inc. (NYSE:PFE), an American biotech company, benefitted a lot from its vaccinations as the company’s vaccine revenue stood at $7.8 billion in the second quarter of 2021. Moreover, the company expects to develop over 3 billion vaccine doses by the end of this year as it showed 91% efficacy in children, making it one of the best Covid stocks to buy now.

Pfizer Inc. (NYSE:PFE) pays an annual dividend of $1.56 per share to shareholders, yielding 3.66%. The company has a track record of 12 years of consistent dividend growth. Recently, Matthew Harrison of Morgan Stanley raised its price target on Pfizer Inc. (NYSE:PFE) to $48, while keeping an Equal Weight rating on the shares.

The number of hedge funds tracked by Insider Monkey having stakes in Pfizer Inc. (NYSE:PFE) increased to 67 in Q2, from 65 in the previous quarter. The total worth of these stakes is over $2.35 billion.

ClearBridge Investments mentioned Pfizer Inc. (NYSE:PFE) in its Q1 2021 investor letter. Here is what the firm has to say:

“Our underweights in health care and staples contributed to relative performance during the period. As we continue to focus the portfolio on high-conviction ideas, we sold Pfizer in late 2020, in the health care sector.”

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