5 Best Inexpensive Stocks to Buy Right Now

3. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 67
Share Price as of November 12: $49.73

Pfizer Inc. (NYSE:PFE)  made it to our list of the best inexpensive stocks to buy right now as the stock gained 11% on November 3, after the company announced that its Covid-19 antiviral treatment candidate will reduce the risk of hospitalization and death by 89%.

In Q3, Kahn Brothers is the leading shareholder of Pfizer Inc. (NYSE:PFE), owning shares worth over $42 billion. Overall, 67 hedge funds tracked by Insider Monkey reported owning stakes in the company in Q2, up from 65 in the previous quarter. The total value of these stakes is over $2.3 billion.

Pfizer Inc. (NYSE:PFE) has a track record of 12 years of consistent dividend growth and pays an annual dividend of $1.56 per share, yielding 3.14%. In Q3, the company reported $14.5 billion in vaccine revenue, up significantly from $1.7 billion, reported during the same period last year. Recently, Cowen raised its price target on Pfizer Inc. (NYSE:PFE) to $56, with an Outperform rating on the shares.

ClearBridge Investments published its Q1 2021 investor letter and mentioned Pfizer Inc. (NYSE:PFE) in it. 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.”