Several other equities analysts have also recently issued reports on the stock. UBS Group set a $40.00 price target on shares of Pfizer and gave the company a buy rating in a research report on Wednesday, December 6th. BMO Capital Markets restated a buy rating and issued a $39.00 price target on shares of Pfizer in a research report on Friday, November 10th. Vetr upgraded shares of Pfizer from a hold rating to a buy rating and set a $38.82 price target for the company in a research report on Thursday, November 23rd. Zacks Investment Research upgraded shares of Pfizer from a hold rating to a buy rating and set a $40.00 price target for the company in a research report on Tuesday, October 3rd. Finally, Jefferies Group set a $39.00 price target on shares of Pfizer and gave the company a neutral rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $38.88.
Pfizer (NYSE:PFE) opened at $36.86 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.43 and a quick ratio of 1.15. Pfizer has a 12-month low of $30.90 and a 12-month high of $37.35. The stock has a market cap of $219,294.42, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.46 and a beta of 1.01.
Pfizer announced that its board has authorized a stock buyback program on Monday, December 18th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the biopharmaceutical company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 2nd will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is a boost from Pfizer’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 3.69%. Pfizer’s dividend payout ratio is 79.01%.
In related news, insider Alexander R. Mackenzie sold 6,750 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $37.00, for a total transaction of $249,750.00. Following the transaction, the insider now directly owns 103,458 shares of the company’s stock, valued at $3,827,946. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander R. Mackenzie sold 14,700 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $35.30, for a total transaction of $518,910.00. Following the transaction, the insider now directly owns 117,432 shares in the company, valued at $4,145,349.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,450 shares of company stock valued at $1,065,220. 0.06% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Shine Investment Advisory Services Inc. bought a new position in shares of Pfizer in the second quarter valued at $102,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Pfizer in the second quarter valued at $103,000. D. Scott Neal Inc. lifted its stake in shares of Pfizer by 19.3% in the second quarter. D. Scott Neal Inc. now owns 3,112 shares of the biopharmaceutical company’s stock valued at $105,000 after buying an additional 504 shares in the last quarter. Herndon Capital Management LLC bought a new position in shares of Pfizer in the second quarter valued at $120,000. Finally, Americafirst Capital Management LLC bought a new position in shares of Pfizer in the third quarter valued at $127,000. 69.75% of the stock is currently owned by institutional investors and hedge funds.
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Pfizer Inc (Pfizer) is a research-based global biopharmaceutical company. The Company is engaged in the discovery, development and manufacture of healthcare products. Its global portfolio includes medicines and vaccines, as well as consumer healthcare products. The Company manages its commercial operations through two business segments: Pfizer Innovative Health (IH) and Pfizer Essential Health (EH).
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