Regal Investment Advisors LLC Boosts Position in Pfizer Inc. $PFE

Regal Investment Advisors LLC lifted its position in Pfizer Inc. (NYSE:PFEFree Report) by 11.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 349,934 shares of the biopharmaceutical company’s stock after purchasing an additional 36,352 shares during the period. Regal Investment Advisors LLC’s holdings in Pfizer were worth $8,916,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC purchased a new stake in Pfizer in the 3rd quarter worth approximately $29,000. Howard Hughes Medical Institute purchased a new position in shares of Pfizer during the 2nd quarter valued at $30,000. True Wealth Design LLC increased its holdings in shares of Pfizer by 302.5% in the third quarter. True Wealth Design LLC now owns 1,296 shares of the biopharmaceutical company’s stock worth $33,000 after purchasing an additional 974 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Pfizer in the second quarter worth $32,000. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in shares of Pfizer in the second quarter worth $33,000. 68.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PFE shares. Royal Bank Of Canada assumed coverage on Pfizer in a research note on Tuesday, February 24th. They set an “underperform” rating and a $25.00 price objective for the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Pfizer in a report on Monday. Bank of America dropped their price target on Pfizer from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, December 15th. Morgan Stanley cut their price objective on Pfizer from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, December 12th. Finally, Wolfe Research set a $24.00 price objective on shares of Pfizer and gave the stock an “underperform” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.05.

View Our Latest Analysis on Pfizer

Pfizer News Roundup

Here are the key news stories impacting Pfizer this week:

Pfizer Trading Down 1.0%

NYSE PFE opened at $26.60 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.71. The stock’s 50-day simple moving average is $26.50 and its two-hundred day simple moving average is $25.52. Pfizer Inc. has a twelve month low of $20.92 and a twelve month high of $27.94. The company has a market capitalization of $151.23 billion, a price-to-earnings ratio of 19.56 and a beta of 0.47.

Pfizer (NYSE:PFEGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $17.56 billion for the quarter, compared to analyst estimates of $16.93 billion. Pfizer had a return on equity of 20.48% and a net margin of 12.42%.The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. Research analysts forecast that Pfizer Inc. will post 2.95 EPS for the current fiscal year.

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 Stories

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Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

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