SYM FINANCIAL Corp trimmed its position in Pfizer Inc. (NYSE:PFE – Free Report) by 14.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,952 shares of the biopharmaceutical company’s stock after selling 1,170 shares during the quarter. SYM FINANCIAL Corp’s holdings in Pfizer were worth $201,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. raised its stake in shares of Pfizer by 18.9% during the 2nd quarter. City Holding Co. now owns 29,910 shares of the biopharmaceutical company’s stock valued at $837,000 after buying an additional 4,744 shares during the last quarter. Accel Wealth Management boosted its position in Pfizer by 12.6% in the 2nd quarter. Accel Wealth Management now owns 8,317 shares of the biopharmaceutical company’s stock worth $233,000 after purchasing an additional 932 shares in the last quarter. Sax Wealth Advisors LLC acquired a new stake in shares of Pfizer during the 2nd quarter worth approximately $300,000. Central Valley Advisors LLC purchased a new position in shares of Pfizer during the 2nd quarter valued at approximately $95,000. Finally, Optimum Investment Advisors lifted its stake in shares of Pfizer by 88.4% in the 2nd quarter. Optimum Investment Advisors now owns 21,214 shares of the biopharmaceutical company’s stock valued at $594,000 after purchasing an additional 9,956 shares during the period. Institutional investors and hedge funds own 68.36% of the company’s stock.
Insider Buying and Selling at Pfizer
In related news, Director Scott Gottlieb bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of $28.24 per share, for a total transaction of $28,240.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $282,400. This trade represents a 11.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Pfizer
Pfizer Stock Performance
NYSE:PFE opened at $25.72 on Friday. The company’s 50-day moving average is $27.54 and its two-hundred day moving average is $28.40. The firm has a market capitalization of $145.75 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 0.69 and a beta of 0.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.73. Pfizer Inc. has a 1-year low of $24.48 and a 1-year high of $31.54.
Pfizer (NYSE:PFE – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The biopharmaceutical company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.42. The company had revenue of $17.70 billion during the quarter, compared to analyst estimates of $14.92 billion. Pfizer had a return on equity of 16.28% and a net margin of 7.07%. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) earnings per share. Analysts forecast that Pfizer Inc. will post 2.95 EPS for the current year.
Pfizer Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 8th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date was Friday, November 8th. Pfizer’s payout ratio is 227.03%.
Pfizer Company Profile
Pfizer Inc discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States, Europe, and internationally. The company offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic, migraine, and women's health under the Eliquis, Nurtec ODT/Vydura, Zavzpret, and the Premarin family brands; infectious diseases with unmet medical needs under the Prevnar family, Abrysvo, Nimenrix, FSME/IMMUN-TicoVac, and Trumenba brands; and COVID-19 prevention and treatment, and potential future mRNA and antiviral products under the Comirnaty and Paxlovid brands.
Further Reading
- Five stocks we like better than Pfizer
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- NVIDIA’s Blackwell Chips Set for Arizona Manufacturing by TSMC?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Okta: Bullish Signals Suggest a Market Reversal Is Underway
- What is the Australian Securities Exchange (ASX)
- BlackRock Makes Waves With $12B Private Credit Acquisition
Want to see what other hedge funds are holding PFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pfizer Inc. (NYSE:PFE – Free Report).
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.