5 Best Drug Stocks To Invest In

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In this article, we discuss the 5 best drug stocks to invest in. You can go through our detailed analysis of the pharmaceutical sector and its outlook this year, and go directly to read the 15 Best Drug Stocks To Invest In.

5. AbbVie Inc. (NYSE:ABBV)

Number of Hedge Fund Holders: 73

AbbVie Inc. (NYSE:ABBV) functions as a specialized biopharmaceutical company dedicated to the exploration, development, manufacturing, and distribution of medications tailored for chronic and intricate illnesses. The company is renowned for its flagship drug, Humira, a crucial treatment for conditions like moderate-to-severe rheumatoid arthritis and Crohn’s disease.

Boasting an impressive 50-year streak of continuous dividend growth, the American pharmaceutical giant currently presents a dividend yield of 4.48% as of November 19.

As of the close of the third quarter in 2023, Insider Monkey’s database, monitoring 910 hedge funds, indicated 73 holdings in AbbVie Inc. (NYSE:ABBV), marking a slight decrease from the 74 hedge funds in the previous quarter. The collective value of these holdings surpasses $3.27 billion.

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