PICTET BANK & TRUST Ltd Takes $291,000 Position in Pfizer Inc. (PFE)

PICTET BANK & TRUST Ltd acquired a new stake in Pfizer Inc. (NYSE:PFE) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 8,019 shares of the biopharmaceutical company’s stock, valued at approximately $291,000.

A number of other hedge funds also recently made changes to their positions in the business. HC Financial Advisors Inc. purchased a new position in Pfizer in the 4th quarter valued at about $2,685,000. Fiduciary Trust Co. boosted its position in Pfizer by 0.6% in the 1st quarter. Fiduciary Trust Co. now owns 555,624 shares of the biopharmaceutical company’s stock valued at $19,719,000 after buying an additional 3,316 shares during the last quarter. Bank of The West boosted its position in Pfizer by 0.7% in the 1st quarter. Bank of The West now owns 250,109 shares of the biopharmaceutical company’s stock valued at $8,876,000 after buying an additional 1,679 shares during the last quarter. Strategic Wealth Advisors Group LLC boosted its position in Pfizer by 134.7% in the 1st quarter. Strategic Wealth Advisors Group LLC now owns 216,803 shares of the biopharmaceutical company’s stock valued at $7,694,000 after buying an additional 124,420 shares during the last quarter. Finally, PM CAPITAL Ltd boosted its position in Pfizer by 5.1% in the 1st quarter. PM CAPITAL Ltd now owns 852,715 shares of the biopharmaceutical company’s stock valued at $30,263,000 after buying an additional 41,740 shares during the last quarter. Hedge funds and other institutional investors own 68.96% of the company’s stock.

A number of research firms have weighed in on PFE. Cantor Fitzgerald set a $45.00 price objective on shares of Pfizer and gave the company a “buy” rating in a research report on Monday, August 27th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Pfizer in a research report on Tuesday, July 31st. Goldman Sachs Group reissued a “neutral” rating and issued a $42.00 price objective on shares of Pfizer in a research report on Wednesday, August 1st. Zacks Investment Research cut shares of Pfizer from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Finally, Deutsche Bank set a $45.00 price objective on shares of Pfizer and gave the company a “buy” rating in a research report on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Pfizer currently has a consensus rating of “Hold” and a consensus target price of $42.67.

In other Pfizer news, major shareholder Pfizer Inc acquired 55,556 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $1,000,008.00. Following the completion of the purchase, the insider now directly owns 21,976,484 shares in the company, valued at $395,576,712. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laurie J. Olson sold 10,214 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $41.00, for a total transaction of $418,774.00. Following the sale, the insider now owns 72,672 shares in the company, valued at approximately $2,979,552. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Shares of Pfizer stock opened at $44.28 on Friday. The stock has a market capitalization of $264.31 billion, a PE ratio of 14.90, a P/E/G ratio of 2.24 and a beta of 0.88. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. Pfizer Inc. has a 1 year low of $33.20 and a 1 year high of $45.81.

Pfizer (NYSE:PFE) last issued its earnings results on Tuesday, October 30th. The biopharmaceutical company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.53 billion. Pfizer had a net margin of 44.63% and a return on equity of 25.34%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. Sell-side analysts forecast that Pfizer Inc. will post 3 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 9th will be paid a $0.34 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.07%. Pfizer’s dividend payout ratio (DPR) is presently 51.32%.

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Pfizer Company Profile

Pfizer Inc discovers, develops, manufactures, and sells healthcare products worldwide. It operates in two segments, Pfizer Innovative Health (IH) and Pfizer Essential Health (EH). The IH segment focuses on the development and commercialization of medicines and vaccines, and consumer healthcare products in various therapeutic areas, including internal medicine, vaccines, oncology, inflammation and immunology, and rare diseases, as well as consumer healthcare, such as over-the-counter brands comprising dietary supplements, pain management, gastrointestinal, and respiratory and personal care.

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Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

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