5 Best Income Stocks To Invest In

4. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 75

Pfizer Inc. (NYSE:PFE) is a New York-based multinational pharmaceutical and biotechnology company. It currently offers a quarterly dividend of $0.41 per share for a dividend yield of 4.17%, as of April 25. The company has been making uninterrupted dividend payments to shareholders for the past 337 quarters with a 13-year streak of consistent dividend growth. The company is among the best dividend stocks on our list.

BofA mentioned Pfizer Inc. (NYSE:PFE) in its April investors’ note and highlighted that the company’s outlook for the year remains to be ‘solid’. The firm maintained a Neutral rating on the stock with a $45 price target.

As per Insider Monkey’s Q4 2022 database, 75 hedge funds were long Pfizer Inc. (NYSE:PFE), owning stakes with a total value of over $2.5 billion.

Diamond Hill Capital mentioned Pfizer Inc. (NYSE:PFE) in its Q3 2022 investor letter. Here is what the firm has to say:

“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.”