iA Global Asset Management Inc. Has $865,000 Stock Position in Pfizer Inc. $PFE

iA Global Asset Management Inc. raised its holdings in Pfizer Inc. (NYSE:PFEFree Report) by 152.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,951 shares of the biopharmaceutical company’s stock after purchasing an additional 20,501 shares during the quarter. iA Global Asset Management Inc.’s holdings in Pfizer were worth $865,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Curio Wealth LLC raised its stake in Pfizer by 36,600.0% during the second quarter. Curio Wealth LLC now owns 1,101 shares of the biopharmaceutical company’s stock worth $27,000 after acquiring an additional 1,098 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Pfizer during the 3rd quarter valued at approximately $29,000. Harbor Asset Planning Inc. bought a new stake in shares of Pfizer during the 2nd quarter valued at approximately $29,000. Howard Hughes Medical Institute acquired a new position in Pfizer during the 2nd quarter worth approximately $30,000. Finally, True Wealth Design LLC lifted its stake in Pfizer by 302.5% in the 3rd quarter. True Wealth Design LLC now owns 1,296 shares of the biopharmaceutical company’s stock valued at $33,000 after purchasing an additional 974 shares during the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PFE. Guggenheim reiterated a “buy” rating on shares of Pfizer in a report on Wednesday, December 17th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pfizer in a report on Wednesday, December 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $26.00 price target on shares of Pfizer in a research note on Wednesday, November 5th. TD Cowen reaffirmed a “hold” rating on shares of Pfizer in a research note on Tuesday, December 30th. Finally, Citigroup assumed coverage on shares of Pfizer in a report on Tuesday, December 2nd. They issued a “neutral” rating and a $26.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Pfizer currently has a consensus rating of “Hold” and a consensus target price of $27.88.

Check Out Our Latest Stock Analysis on PFE

Pfizer Price Performance

Shares of PFE opened at $25.65 on Friday. The business has a 50-day moving average of $25.40 and a 200-day moving average of $25.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.28 and a quick ratio of 0.97. The company has a market capitalization of $145.82 billion, a price-to-earnings ratio of 14.91 and a beta of 0.47. Pfizer Inc. has a 1 year low of $20.92 and a 1 year high of $27.69.

Pfizer (NYSE:PFEGet Free Report) last released its earnings results on Tuesday, November 4th. The biopharmaceutical company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Pfizer had a net margin of 15.65% and a return on equity of 20.17%. The business had revenue of $16.65 billion during the quarter, compared to the consensus estimate of $16.94 billion. Pfizer has set its FY 2025 guidance at 3.000-3.150 EPS. As a group, equities research analysts anticipate that Pfizer Inc. will post 2.95 earnings per share for the current year.

Pfizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, January 23rd will be issued a $0.43 dividend. The ex-dividend date is Friday, January 23rd. This represents a $1.72 annualized dividend and a yield of 6.7%. Pfizer’s payout ratio is presently 100.00%.

Key Pfizer News

Here are the key news stories impacting Pfizer this week:

Pfizer Profile

(Free Report)

Pfizer Inc (NYSE: PFE) is a multinational biopharmaceutical company headquartered in New York City. Founded in 1849 by Charles Pfizer and Charles Erhart, the company researches, develops, manufactures and commercializes a broad range of medicines and vaccines for human health. Its activities span discovery research, clinical development, regulatory affairs, manufacturing and global commercial distribution across multiple therapeutic areas.

Pfizer’s portfolio and pipeline cover oncology, immunology, cardiology, endocrinology, rare diseases, hospital acute care and anti-infectives, along with a substantial vaccine business.

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Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

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