Gables Capital Management Inc. Has $2.38 Million Stake in Pfizer Inc. (PFE)
Gables Capital Management Inc. increased its position in shares of Pfizer Inc. (NYSE:PFE) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,990 shares of the biopharmaceutical company’s stock after buying an additional 1,507 shares during the quarter. Pfizer comprises approximately 1.9% of Gables Capital Management Inc.’s portfolio, making the stock its 14th largest position. Gables Capital Management Inc.’s holdings in Pfizer were worth $2,383,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in PFE. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Pfizer in the first quarter valued at approximately $132,000. Braun Bostich & Associates Inc. purchased a new stake in Pfizer in the first quarter valued at approximately $139,000. Clearwater Capital Advisors LLC purchased a new stake in Pfizer in the first quarter valued at approximately $156,000. Goodwin Daniel L purchased a new stake in Pfizer in the second quarter valued at approximately $171,000. Finally, Bristol John W & Co. Inc. NY purchased a new stake in Pfizer in the first quarter valued at approximately $186,000. 69.08% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PFE stock opened at $43.21 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.15. The firm has a market cap of $262.58 billion, a P/E ratio of 16.31, a PEG ratio of 2.22 and a beta of 0.88. Pfizer Inc. has a 12 month low of $33.20 and a 12 month high of $45.81.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.15%. Pfizer’s payout ratio is currently 51.32%.
A number of analysts have issued reports on PFE shares. Cantor Fitzgerald reissued a “buy” rating and issued a $53.00 target price on shares of Pfizer in a research report on Wednesday, October 17th. Morgan Stanley set a $45.00 target price on Pfizer and gave the company a “buy” rating in a research report on Thursday, September 13th. Barclays set a $40.00 price target on shares of Pfizer and gave the stock a “neutral” rating in a research note on Friday, October 19th. BMO Capital Markets restated a “buy” rating and issued a $44.00 price target on shares of Pfizer in a research note on Monday, August 27th. Finally, Credit Suisse Group set a $40.00 price target on shares of Pfizer and gave the stock a “hold” rating in a research note on Sunday, October 14th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $42.67.
In other news, major shareholder Pfizer Inc bought 55,556 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was 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 owns 21,976,484 shares in the company, valued at approximately $395,576,712. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.
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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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