Pfizer Inc. $PFE Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in Pfizer Inc. (NYSE:PFEFree Report) by 6.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,276,842 shares of the biopharmaceutical company’s stock after selling 231,515 shares during the period. Sei Investments Co.’s holdings in Pfizer were worth $92,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Davis R M Inc. grew its position in shares of Pfizer by 12.6% during the first quarter. Davis R M Inc. now owns 13,297 shares of the biopharmaceutical company’s stock worth $373,000 after acquiring an additional 1,493 shares during the last quarter. Cetera Investment Advisers raised its position in Pfizer by 2.1% in the 1st quarter. Cetera Investment Advisers now owns 3,213,627 shares of the biopharmaceutical company’s stock valued at $90,239,000 after purchasing an additional 66,534 shares during the last quarter. Wealthspire Retirement LLC acquired a new stake in Pfizer during the 1st quarter worth $222,000. Lavaca Capital LLC boosted its stake in Pfizer by 6.0% during the 1st quarter. Lavaca Capital LLC now owns 11,267 shares of the biopharmaceutical company’s stock worth $316,000 after purchasing an additional 639 shares during the period. Finally, Aureus Asset Management LLC purchased a new position in Pfizer during the 1st quarter worth $237,000. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PFE shares. HSBC cut shares of Pfizer from a “buy” rating to a “hold” rating and reduced their target price for the company from $32.00 to $28.00 in a report on Monday, July 6th. Morgan Stanley raised their price target on Pfizer from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. JPMorgan Chase & Co. reduced their price objective on Pfizer from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. CICC Research started coverage on Pfizer in a research report on Thursday, April 16th. They set an “outperform” rating and a $33.00 price objective for the company. Finally, Guggenheim lowered their target price on Pfizer from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.50.

Read Our Latest Stock Analysis on PFE

Key Headlines Impacting Pfizer

Here are the key news stories impacting Pfizer this week:

Pfizer Stock Down 1.9%

PFE opened at $24.52 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.25 and a quick ratio of 0.94. Pfizer Inc. has a 12 month low of $23.11 and a 12 month high of $28.75. The stock has a market capitalization of $139.78 billion, a P/E ratio of 18.72 and a beta of 0.35. The business has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $26.16.

Pfizer (NYSE:PFEGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The biopharmaceutical company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $14.45 billion for the quarter, compared to analyst estimates of $13.84 billion. Pfizer had a return on equity of 19.44% and a net margin of 11.83%.Pfizer’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Pfizer has set its FY 2026 guidance at 2.800-3.000 EPS. On average, equities analysts anticipate that Pfizer Inc. will post 2.96 earnings per share for the current fiscal year.

Pfizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, July 24th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.0%. Pfizer’s dividend payout ratio is 131.30%.

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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