Alps Advisors Inc. Acquires 128,134 Shares of Pfizer Inc. $PFE

Alps Advisors Inc. grew its position in shares of Pfizer Inc. (NYSE:PFEFree Report) by 13.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,099,603 shares of the biopharmaceutical company’s stock after buying an additional 128,134 shares during the period. Alps Advisors Inc.’s holdings in Pfizer were worth $28,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. a16z Perennial Management L.P. bought a new position in Pfizer in the 3rd quarter worth about $275,000. Canada Post Corp Registered Pension Plan boosted its stake in shares of Pfizer by 118.2% in the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 342,842 shares of the biopharmaceutical company’s stock valued at $8,177,000 after purchasing an additional 185,704 shares in the last quarter. Wealthquest Corp boosted its position in Pfizer by 11.3% during the third quarter. Wealthquest Corp now owns 17,142 shares of the biopharmaceutical company’s stock valued at $437,000 after buying an additional 1,744 shares during the period. Renasant Bank increased its stake in Pfizer by 9.5% in the 3rd quarter. Renasant Bank now owns 45,882 shares of the biopharmaceutical company’s stock worth $1,169,000 after purchasing an additional 3,985 shares during the period. Finally, Ceera Investments LLC raised its holdings in Pfizer by 1.0% during the 3rd quarter. Ceera Investments LLC now owns 60,162 shares of the biopharmaceutical company’s stock valued at $1,533,000 after buying an additional 595 shares during the last quarter. 68.36% of the stock is owned by institutional investors.

Pfizer News Roundup

Here are the key news stories impacting Pfizer this week:

Pfizer Stock Performance

Shares of PFE stock opened at $27.24 on Friday. The stock has a market cap of $154.88 billion, a PE ratio of 20.03 and a beta of 0.47. 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 business has a 50-day simple moving average of $25.61 and a 200-day simple moving average of $25.10. Pfizer Inc. has a 52-week low of $20.92 and a 52-week high of $27.69.

Pfizer (NYSE:PFEGet Free Report) last announced its earnings results on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $17.56 billion during the quarter, compared to analysts’ expectations of $16.93 billion. Pfizer had a return on equity of 20.25% and a net margin of 12.42%.The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. On average, equities analysts expect that Pfizer Inc. will post 2.95 EPS for the current year.

Pfizer Announces Dividend

The business 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. This represents a $1.72 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, January 23rd. Pfizer’s dividend payout ratio (DPR) is 126.47%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Guggenheim reiterated a “buy” rating on shares of Pfizer in a report on Wednesday, December 17th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $30.00 price target on shares of Pfizer in a research report on Friday, October 31st. Scotiabank initiated coverage on shares of Pfizer in a research note on Thursday, November 13th. They issued a “sector outperform” rating and a $30.00 price objective for the company. BMO Capital Markets restated an “outperform” rating on shares of Pfizer in a research note on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Pfizer in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.06.

Check Out Our Latest Report on PFE

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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