Pfizer Inc. $PFE Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its stake in Pfizer Inc. (NYSE:PFEFree Report) by 58.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,713 shares of the biopharmaceutical company’s stock after selling 37,733 shares during the quarter. Park Place Capital Corp’s holdings in Pfizer were worth $665,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new position in Pfizer during the 3rd quarter worth approximately $29,000. Howard Hughes Medical Institute acquired a new stake in Pfizer in the second quarter valued at approximately $30,000. Darwin Wealth Management LLC purchased a new stake in shares of Pfizer during the second quarter valued at approximately $32,000. True Wealth Design LLC raised its stake 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 during the period. Finally, Sagard Holdings Management Inc. acquired a new position in shares of Pfizer during the second quarter worth $36,000. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PFE. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $27.00 price target on shares of Pfizer in a report on Wednesday, February 4th. HSBC boosted their price objective on shares of Pfizer from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Pfizer in a research report on Thursday, January 22nd. TD Cowen reaffirmed a “hold” rating on shares of Pfizer in a research report on Tuesday, December 30th. Finally, Daiwa Securities Group cut Pfizer from an “outperform” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.14.

View Our Latest Report on Pfizer

Pfizer Price Performance

PFE opened at $26.77 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $26.71 and its 200 day moving average price is $25.63. Pfizer Inc. has a fifty-two week low of $20.92 and a fifty-two week high of $27.94. The firm has a market cap of $152.23 billion, a price-to-earnings ratio of 19.68 and a beta of 0.47.

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

Pfizer News Summary

Here are the key news stories impacting Pfizer this week:

About Pfizer

(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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