Park Avenue Securities LLC Raises Stake in Pfizer Inc. $PFE

Park Avenue Securities LLC grew its stake in Pfizer Inc. (NYSE:PFEFree Report) by 25.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,932 shares of the biopharmaceutical company’s stock after acquiring an additional 39,882 shares during the quarter. Park Avenue Securities LLC’s holdings in Pfizer were worth $5,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of Pfizer by 1,282.4% during the 4th quarter. Brighton Jones LLC now owns 666,318 shares of the biopharmaceutical company’s stock valued at $17,677,000 after buying an additional 618,117 shares during the period. Revolve Wealth Partners LLC increased its stake in Pfizer by 12.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 18,766 shares of the biopharmaceutical company’s stock worth $498,000 after acquiring an additional 2,087 shares during the last quarter. Great Lakes Advisors LLC raised its position in Pfizer by 381.0% in the first quarter. Great Lakes Advisors LLC now owns 80,383 shares of the biopharmaceutical company’s stock valued at $2,037,000 after purchasing an additional 63,670 shares during the period. MBB Public Markets I LLC acquired a new position in shares of Pfizer in the 1st quarter valued at $307,000. Finally, SCS Capital Management LLC purchased a new position in shares of Pfizer during the 1st quarter worth $778,000. Institutional investors and hedge funds own 68.36% of the company’s stock.

More Pfizer News

Here are the key news stories impacting Pfizer this week:

Pfizer Price Performance

Shares of PFE opened at $25.29 on Friday. The company has a market cap of $143.76 billion, a P/E ratio of 14.70 and a beta of 0.47. Pfizer Inc. has a fifty-two week low of $20.92 and a fifty-two week high of $27.69. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average price is $25.25 and its 200 day moving average price is $24.94.

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

Pfizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, January 23rd will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.72 dividend on an annualized basis and a yield of 6.8%. Pfizer’s dividend payout ratio (DPR) is currently 100.00%.

Analyst Ratings Changes

A number of research firms have commented on PFE. Guggenheim reaffirmed a “buy” rating on shares of Pfizer in a research report on Wednesday, December 17th. Wolfe Research set a $24.00 price target on shares of Pfizer and gave the company an “underperform” rating in a research note on Wednesday, December 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $30.00 price objective on shares of Pfizer in a research report on Friday, October 31st. Cowen reiterated a “hold” rating on shares of Pfizer in a report on Tuesday, December 30th. Finally, HSBC restated a “buy” rating and set a $29.00 price target on shares of Pfizer in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.88.

View Our Latest Analysis on Pfizer

Pfizer Company 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.

Further Reading

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.