Pfizer Inc. $PFE Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its stake in shares of Pfizer Inc. (NYSE:PFEFree Report) by 35.2% during the third quarter, Holdings Channel reports. The firm owned 66,811 shares of the biopharmaceutical company’s stock after selling 36,261 shares during the period. Dana Investment Advisors Inc.’s holdings in Pfizer were worth $1,702,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new stake in Pfizer during the 3rd quarter worth $29,000. Howard Hughes Medical Institute purchased a new position in shares of Pfizer during the second quarter worth about $30,000. Darwin Wealth Management LLC acquired a new stake in shares of Pfizer during the second quarter worth about $32,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Pfizer in the 2nd quarter valued at about $33,000. Finally, True Wealth Design LLC boosted 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 valued at $33,000 after acquiring an additional 974 shares during the period. Institutional investors and hedge funds own 68.36% of the company’s stock.

Key Pfizer News

Here are the key news stories impacting Pfizer this week:

Pfizer Stock Performance

NYSE:PFE opened at $27.11 on Friday. The stock has a market cap of $154.14 billion, a P/E ratio of 19.93 and a beta of 0.47. Pfizer Inc. has a 1-year low of $20.92 and a 1-year high of $27.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.28 and a quick ratio of 0.97. The firm has a 50-day moving average of $26.08 and a two-hundred day moving average of $25.39.

Pfizer (NYSE:PFEGet Free Report) last announced 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 company had revenue of $17.56 billion for the quarter, compared to analyst estimates of $16.93 billion. Pfizer had a return on equity of 20.25% and a net margin of 12.42%.Pfizer’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. On average, research analysts expect that Pfizer Inc. will post 2.95 earnings per share for the current fiscal year.

Pfizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, January 23rd will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, January 23rd. Pfizer’s dividend payout ratio (DPR) is 126.47%.

Analysts Set New Price Targets

Several brokerages have weighed in on PFE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pfizer in a research note on Thursday, January 22nd. TD Cowen reiterated a “hold” rating on shares of Pfizer in a research note on Tuesday, December 30th. UBS Group assumed coverage on Pfizer in a research report on Tuesday, January 6th. They set a “neutral” rating and a $25.00 target price on the stock. Wolfe Research set a $24.00 price objective on shares of Pfizer and gave the stock an “underperform” rating in a research note on Wednesday, December 17th. Finally, Barclays began coverage on shares of Pfizer in a research note on Thursday, February 19th. They set an “underweight” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.70.

Check Out Our Latest Report on Pfizer

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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