Pfizer (NYSE:PFE) Trading 1.6% Higher – What’s Next?

Pfizer Inc. (NYSE:PFEGet Free Report)’s share price traded up 1.6% during trading on Wednesday . The stock traded as high as $25.71 and last traded at $25.5580. 53,627,121 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 45,800,254 shares. The stock had previously closed at $25.15.

Pfizer News Roundup

Here are the key news stories impacting Pfizer this week:

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PFE shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $26.00 price target on shares of Pfizer in a report on Wednesday, November 5th. Morgan Stanley reduced their price objective on shares of Pfizer from $32.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, December 12th. HSBC restated a “buy” rating and set a $29.00 target price on shares of Pfizer in a research report on Wednesday, December 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Pfizer in a report on Wednesday, December 10th. Finally, Wolfe Research set a $24.00 price objective on shares of Pfizer and gave the company an “underperform” rating in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.88.

View Our Latest Stock Report on PFE

Pfizer Price Performance

The firm has a market capitalization of $145.32 billion, a P/E ratio of 14.86 and a beta of 0.47. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $25.29 and a 200-day moving average price of $24.97.

Pfizer (NYSE:PFEGet Free Report) last released its quarterly earnings results on Tuesday, November 4th. The biopharmaceutical company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.08. The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.94 billion. Pfizer had a return on equity of 20.17% and a net margin of 15.65%.Pfizer has set its FY 2025 guidance at 3.000-3.150 EPS. On average, analysts expect that Pfizer Inc. will post 2.95 earnings per share for the current 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 dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.7%. Pfizer’s payout ratio is currently 100.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Pfizer by 1,282.4% in the fourth quarter. Brighton Jones LLC now owns 666,318 shares of the biopharmaceutical company’s stock worth $17,677,000 after purchasing an additional 618,117 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Pfizer by 12.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 18,766 shares of the biopharmaceutical company’s stock valued at $498,000 after buying an additional 2,087 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Pfizer by 12.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 25,035 shares of the biopharmaceutical company’s stock worth $607,000 after acquiring an additional 2,858 shares in the last quarter. Goldstone Financial Group LLC raised its stake in shares of Pfizer by 53.8% during the second quarter. Goldstone Financial Group LLC now owns 25,241 shares of the biopharmaceutical company’s stock valued at $641,000 after acquiring an additional 8,832 shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of Pfizer by 6.8% in the second quarter. Czech National Bank now owns 1,389,705 shares of the biopharmaceutical company’s stock valued at $33,686,000 after purchasing an additional 88,131 shares during the period. Hedge funds and other institutional investors own 68.36% of the company’s stock.

About Pfizer

(Get 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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