5 Best Pharma Stocks to Buy Now

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1. Bristol-Myers Squibb Company (NYSE: BMY)

Number of Hedge Fund Holders: 131

Bristol Myers ranks 1st in our list of 10 best pharma stocks to buy now. The company makes treatments for HIV, heart diseases, cancer, diabetes, arthritis and psychiatric disorders. The stock is up 19% over the last 12 months. Warren Buffett’s Berkshire loaded up on BMY in the fourth quarter. The fund now owns $2 million worth of the company’s shares.  With a dividend yield of 3.15%, BMY has increased its dividend for the last 14 consecutive years.

The company is also getting the attention of the smart money, as 131 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the fourth quarter, up from 124 funds a quarter earlier. Our calculations show that Bristol-Myers Squibb Company ranks 13th in our list of the 30 Most Popular Stocks Among Hedge Funds.

You can also take a peek at Billionaire Ken Griffin’s Top 10 Stock Picks and Billionaire Nicholas Pritzker’s Tao Capital’s Best Stock Ideas.

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