Chevy Chase Trust Holdings LLC Sells 106,786 Shares of Pfizer Inc. $PFE

Chevy Chase Trust Holdings LLC trimmed its stake in Pfizer Inc. (NYSE:PFEFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,941,543 shares of the biopharmaceutical company’s stock after selling 106,786 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Pfizer were worth $74,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PFE. Grey Fox Wealth Advisors LLC bought a new stake in Pfizer during the 3rd quarter valued at approximately $29,000. Howard Hughes Medical Institute bought a new position in shares of Pfizer in the 2nd quarter worth approximately $30,000. Darwin Wealth Management LLC purchased a new position in shares of Pfizer in the 2nd quarter valued at approximately $32,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of Pfizer in the 2nd quarter valued at approximately $33,000. Finally, True Wealth Design LLC boosted its position in shares of Pfizer by 302.5% during the third quarter. True Wealth Design LLC now owns 1,296 shares of the biopharmaceutical company’s stock valued at $33,000 after purchasing an additional 974 shares in the last quarter. Hedge funds and other institutional investors own 68.36% of the company’s stock.

Pfizer Trading Down 1.0%

Pfizer stock opened at $26.60 on Friday. Pfizer Inc. has a 12 month low of $20.92 and a 12 month high of $27.94. The company has a market capitalization of $151.23 billion, a price-to-earnings ratio of 19.56 and a beta of 0.47. The business’s fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $25.52. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71.

Pfizer (NYSE:PFEGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $17.56 billion during the quarter, compared to the consensus estimate of $16.93 billion. Pfizer had a return on equity of 20.48% and a net margin of 12.42%.The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. As a group, equities analysts predict that Pfizer Inc. will post 2.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PFE shares. Morgan Stanley decreased their price objective on Pfizer from $32.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, December 12th. Argus upgraded shares of Pfizer from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Monday, March 2nd. Wolfe Research set a $24.00 target price on shares of Pfizer and gave the stock an “underperform” rating in a research report on Wednesday, December 17th. Guggenheim reissued a “buy” rating on shares of Pfizer in a research report on Wednesday, December 17th. Finally, TD Cowen reissued a “hold” rating on shares of Pfizer in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.05.

View Our Latest Stock Analysis on Pfizer

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Pfizer Profile

(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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Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

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