5 Best Stocks To Buy Today

4. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ), an American pharmaceutical company that ranks fourth on the list of 10 best stocks to buy today, is one of the most reliable dividend payers among income investors. The New Jersey-based drug manufacturer has a forward annual dividend yield of 2.59% and pays an annual dividend of $4.24 per share.

Aside from dividends, investors and market analysts are keeping a close eye on Johnson & Johnson’s (NYSE:JNJ) pipeline development, which has increased from 30 programs in late-stage development or awaiting approval in July 2020 to 58 drug developments as of October 19, 2021.

The FDA authorized Johnson & Johnson’s booster shot on October 20, which can be given two months after a person receives their first dose of the JNJ vaccination. Following this, investment bank Raymond James maintained an Outperform rating on Johnson & Johnson (NYSE:JNJ) with a price target of $178.