MAI Capital Management Has $10.02 Million Stock Holdings in Pfizer Inc. $PFE

MAI Capital Management grew its holdings in shares of Pfizer Inc. (NYSE:PFEFree Report) by 7.7% in the third quarter, Holdings Channel reports. The institutional investor owned 393,049 shares of the biopharmaceutical company’s stock after acquiring an additional 28,163 shares during the period. MAI Capital Management’s holdings in Pfizer were worth $10,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RWA Wealth Partners LLC lifted its position in Pfizer by 2.3% in the 3rd quarter. RWA Wealth Partners LLC now owns 237,439 shares of the biopharmaceutical company’s stock valued at $6,050,000 after acquiring an additional 5,231 shares in the last quarter. Cary Street Partners Financial LLC raised its stake in shares of Pfizer by 6.8% in the third quarter. Cary Street Partners Financial LLC now owns 261,861 shares of the biopharmaceutical company’s stock worth $6,672,000 after purchasing an additional 16,705 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Pfizer by 12.5% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 587,805 shares of the biopharmaceutical company’s stock valued at $14,977,000 after purchasing an additional 65,206 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Pfizer by 10.4% during the third quarter. JFS Wealth Advisors LLC now owns 47,690 shares of the biopharmaceutical company’s stock valued at $1,215,000 after buying an additional 4,485 shares during the last quarter. Finally, Waddell & Associates LLC grew its holdings in Pfizer by 7.3% during the third quarter. Waddell & Associates LLC now owns 24,278 shares of the biopharmaceutical company’s stock worth $619,000 after buying an additional 1,660 shares in the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.

Pfizer Stock Down 0.1%

Pfizer stock opened at $27.11 on Thursday. The firm has a 50 day moving average price of $26.04 and a 200-day moving average price of $25.37. The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.62. Pfizer Inc. has a twelve month low of $20.92 and a twelve month high of $27.94. The company has a market capitalization of $154.11 billion, a P/E ratio of 19.93 and a beta of 0.47.

Pfizer (NYSE:PFEGet Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. Pfizer had a net margin of 12.42% and a return on equity of 20.25%. The company had revenue of $17.56 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. Pfizer’s revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that Pfizer Inc. will post 2.95 EPS for the current year.

Pfizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, January 23rd. Pfizer’s dividend payout ratio is currently 126.47%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays assumed coverage on shares of Pfizer in a report on Thursday, February 19th. They set an “underweight” rating and a $25.00 price objective on the stock. Bank of America cut their price target on shares of Pfizer from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, December 15th. Morgan Stanley reduced their price objective on shares of Pfizer from $32.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, December 12th. Royal Bank Of Canada started coverage on shares of Pfizer in a research report on Tuesday. They set an “underperform” rating and a $25.00 target price on the stock. Finally, HSBC reaffirmed a “buy” rating and issued a $29.00 target price on shares of Pfizer in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Pfizer currently has a consensus rating of “Hold” and an average price target of $27.70.

Get Our Latest Report on PFE

Key Stories Impacting Pfizer

Here are the key news stories impacting Pfizer this week:

Pfizer Company 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.

Featured Stories

Want to see what other hedge funds are holding PFE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pfizer Inc. (NYSE:PFEFree Report).

Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

Receive News & Ratings for Pfizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pfizer and related companies with MarketBeat.com's FREE daily email newsletter.