Traders Buy Shares of Pfizer (PFE) on Weakness Following Insider Selling
Investors purchased shares of Pfizer Inc. (NYSE:PFE) on weakness during trading hours on Monday following insider selling activity. $90.14 million flowed into the stock on the tick-up and $68.22 million flowed out of the stock on the tick-down, for a money net flow of $21.92 million into the stock. Of all companies tracked, Pfizer had the 13th highest net in-flow for the day. Pfizer traded down ($0.07) for the day and closed at $37.13Specifically, EVP Rady A. Johnson sold 8,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $37.07, for a total transaction of $296,560.00. Following the sale, the executive vice president now directly owns 46,963 shares of the company’s stock, valued at approximately $1,740,918.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alexander R. Mackenzie sold 6,750 shares of the business’s 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 sale, the insider now directly owns 103,458 shares in the company, valued at $3,827,946. The disclosure for this sale can be found here. Insiders have sold a total of 36,800 shares of company stock valued at $1,327,248 in the last quarter. Insiders own 0.06% of the company’s stock.
Several brokerages have issued reports on PFE. Zacks Investment Research raised shares of Pfizer from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, October 3rd. Vetr downgraded shares of Pfizer from a “buy” rating to a “hold” rating and set a $35.71 target price on the stock. in a research note on Wednesday, September 13th. BMO Capital Markets set a $39.00 target price on shares of Pfizer and gave the company a “buy” rating in a research note on Tuesday, October 31st. Sanford C. Bernstein set a $39.00 target price on shares of Pfizer and gave the company a “buy” rating in a research note on Tuesday, September 19th. Finally, Deutsche Bank set a $38.00 target price on shares of Pfizer and gave the company a “buy” rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.77.
The company has a quick ratio of 1.15, a current ratio of 1.43 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $221,560.00, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 2.62 and a beta of 1.01.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 2nd will be paid a $0.34 dividend. This is an increase from Pfizer’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.66%. Pfizer’s dividend payout ratio is 78.53%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new stake in Pfizer in the second quarter worth $102,000. Mckinley Capital Management LLC Delaware bought a new stake in Pfizer in the second quarter worth $103,000. D. Scott Neal Inc. boosted its holdings in Pfizer by 19.3% in the second quarter. D. Scott Neal Inc. now owns 3,112 shares of the biopharmaceutical company’s stock worth $105,000 after purchasing an additional 504 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC bought a new stake in Pfizer in the first quarter worth $121,000. Finally, Herndon Capital Management LLC bought a new stake in Pfizer in the second quarter worth $120,000. 69.89% of the stock is currently owned by institutional investors and hedge funds.
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Pfizer Company Profile
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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