Private Advisor Group LLC Has $17.29 Million Stock Position in Pfizer Inc. $PFE

Private Advisor Group LLC cut its holdings in shares of Pfizer Inc. (NYSE:PFEFree Report) by 2.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 678,416 shares of the biopharmaceutical company’s stock after selling 18,679 shares during the period. Private Advisor Group LLC’s holdings in Pfizer were worth $17,286,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Pfizer in the third quarter worth approximately $29,000. Howard Hughes Medical Institute purchased a new position in shares of Pfizer during the second quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new stake in Pfizer during the second quarter worth $32,000. Evelyn Partners Asset Management Ltd purchased a new stake in Pfizer in the 2nd quarter valued at $33,000. Finally, True Wealth Design LLC lifted its stake in Pfizer by 302.5% during the 3rd quarter. True Wealth Design LLC now owns 1,296 shares of the biopharmaceutical company’s stock valued at $33,000 after acquiring an additional 974 shares in the last quarter. Institutional investors own 68.36% of the company’s stock.

Pfizer Stock Up 1.2%

PFE opened at $27.12 on Wednesday. Pfizer Inc. has a 12 month low of $20.92 and a 12 month high of $27.94. The company has a market cap of $154.22 billion, a PE ratio of 19.94 and a beta of 0.47. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The company has a 50 day moving average of $26.38 and a 200 day moving average of $25.49.

Pfizer (NYSE:PFEGet Free Report) last issued its earnings results on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $17.56 billion for the quarter, compared to analysts’ expectations of $16.93 billion. Pfizer had a net margin of 12.42% and a return on equity of 20.48%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, sell-side analysts expect that Pfizer Inc. will post 2.95 EPS for the current year.

Pfizer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, January 23rd were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Friday, January 23rd. Pfizer’s payout ratio is presently 126.47%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PFE. Royal Bank Of Canada began coverage on shares of Pfizer in a report on Tuesday, February 24th. They set an “underperform” rating and a $25.00 price objective on the stock. Guggenheim reissued a “buy” rating on shares of Pfizer in a research report on Wednesday, December 17th. BMO Capital Markets restated an “outperform” rating and set a $30.00 price target on shares of Pfizer in a report on Monday. Daiwa Securities Group lowered shares of Pfizer from an “outperform” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Thursday, February 12th. Finally, Scotiabank began coverage on Pfizer in a report on Thursday, November 13th. They issued a “sector outperform” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.05.

Get Our Latest Report on Pfizer

Key Stories Impacting Pfizer

Here are the key news stories impacting Pfizer this week:

About Pfizer

(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.

Featured Articles

Want to see what other hedge funds are holding PFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pfizer Inc. (NYSE:PFEFree Report).

Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

Receive News & Ratings for Pfizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pfizer and related companies with MarketBeat.com's FREE daily email newsletter.