Pfizer (NYSE:PFE) Trading Down 1.3% – Time to Sell?

by · The Cerbat Gem

Shares of Pfizer Inc. (NYSE:PFEGet Free Report) dropped 1.3% on Tuesday . The company traded as low as $24.83 and last traded at $24.8850. Approximately 43,181,467 shares were traded during trading, a decline of 16% from the average daily volume of 51,487,402 shares. The stock had previously closed at $25.21.

Wall Street Analysts Forecast Growth

PFE has been the subject of a number of research analyst reports. Bank of America reduced their price objective on shares of Pfizer from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, December 15th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $30.00 price objective on shares of Pfizer in a report on Friday, October 31st. UBS Group reissued a “neutral” rating and set a $28.00 target price on shares of Pfizer in a report on Wednesday, October 1st. Guggenheim reissued a “buy” rating on shares of Pfizer in a research report on Wednesday, December 17th. Finally, Wall Street Zen lowered shares of Pfizer from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pfizer presently has an average rating of “Hold” and a consensus price target of $28.06.

Get Our Latest Research Report on Pfizer

Pfizer Stock Performance

The stock has a 50 day moving average of $25.13 and a 200 day moving average of $24.88. 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 has a market cap of $142.40 billion, a price-to-earnings ratio of 14.56 and a beta of 0.46.

Pfizer (NYSE:PFEGet Free Report) last released its earnings results on Tuesday, November 4th. The biopharmaceutical company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. The firm had revenue of $16.65 billion for the quarter, compared to analyst estimates 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. As a group, analysts anticipate that Pfizer Inc. will post 2.95 EPS for the current fiscal year.

Pfizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, January 23rd will be issued 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 dividend yield of 6.9%. Pfizer’s dividend payout ratio is 100.00%.

Institutional Trading of Pfizer

A number of hedge funds have recently added to or reduced their stakes in PFE. Brighton Jones LLC increased its holdings in Pfizer by 1,282.4% in the fourth quarter. Brighton Jones LLC now owns 666,318 shares of the biopharmaceutical company’s stock valued at $17,677,000 after purchasing an additional 618,117 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Pfizer by 12.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 18,766 shares of the biopharmaceutical company’s stock valued at $498,000 after buying an additional 2,087 shares during the last quarter. PKS Advisory Services LLC increased its stake in shares of Pfizer by 7.0% in the first quarter. PKS Advisory Services LLC now owns 13,044 shares of the biopharmaceutical company’s stock valued at $327,000 after buying an additional 849 shares during the period. FORA Capital LLC bought a new position in shares of Pfizer during the first quarter worth about $439,000. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Pfizer by 2.9% in the first quarter. Epoch Investment Partners Inc. now owns 2,128,420 shares of the biopharmaceutical company’s stock worth $53,934,000 after acquiring an additional 59,811 shares during the period. Institutional investors and hedge funds own 68.36% of the company’s stock.

About Pfizer

(Get 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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