Hilltop National Bank Acquires Shares of 21,387 Pfizer Inc. $PFE

Key Points

• Hilltop National Bank acquired 21,387 shares of Pfizer Inc. valued at approximately $518,000 in the 2nd quarter, indicating continued institutional interest in the biopharmaceutical company.
• Pfizer reported earnings per share (EPS) of $0.78, exceeding analysts' expectations by $0.20, and its revenue for the quarter was up 10.3% year-over-year.
• Analysts have varying ratings on Pfizer, with the consensus rating being a "Hold" and a price target averaging around $28.41.

Hilltop National Bank acquired a new stake in shares of Pfizer Inc. (NYSE:PFE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,387 shares of the biopharmaceutical company's stock, valued at approximately $518,000.

Several other institutional investors have also bought and sold shares of the business. Bessemer Group Inc. lifted its holdings in shares of Pfizer by 11.1% in the 1st quarter. Bessemer Group Inc. now owns 132,478 shares of the biopharmaceutical company's stock worth $3,358,000 after acquiring an additional 13,228 shares during the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Pfizer by 1.2% in the 1st quarter. Capital Advisors Inc. OK now owns 1,413,472 shares of the biopharmaceutical company's stock worth $35,817,000 after acquiring an additional 17,032 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Pfizer in the 1st quarter worth about $8,283,000. Westbourne Investments Inc. bought a new stake in shares of Pfizer in the 1st quarter worth about $2,411,000. Finally, Bourne Lent Asset Management Inc. lifted its holdings in shares of Pfizer by 90.8% in the 2nd quarter. Bourne Lent Asset Management Inc. now owns 38,255 shares of the biopharmaceutical company's stock worth $927,000 after acquiring an additional 18,200 shares during the last quarter. Institutional investors own 68.36% of the company's stock.

Pfizer Trading Up 1.1%

NYSE PFE opened at $27.37 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.16. The company has a market capitalization of $155.59 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.88 and a beta of 0.55. The company's 50-day simple moving average is $24.67 and its two-hundred day simple moving average is $24.15. Pfizer Inc. has a one year low of $20.92 and a one year high of $30.43.

Pfizer (NYSE:PFE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The biopharmaceutical company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.20. The business had revenue of $14.65 billion for the quarter, compared to the consensus estimate of $13.43 billion. Pfizer had a net margin of 16.84% and a return on equity of 21.42%. The company's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. Pfizer has set its FY 2025 guidance at 2.900-3.100 EPS. Equities analysts forecast that Pfizer Inc. will post 2.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PFE has been the subject of several analyst reports. Citigroup raised their target price on shares of Pfizer from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Pfizer from a "buy" rating to a "hold" rating in a report on Sunday, September 28th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pfizer in a report on Saturday, September 27th. Morgan Stanley lifted their price objective on shares of Pfizer from $32.00 to $33.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, Bank of America lifted their price objective on shares of Pfizer from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $28.41.

Pfizer Company Profile

Pfizer Inc discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States, Europe, and internationally. The company offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic, migraine, and women's health under the Eliquis, Nurtec ODT/Vydura, Zavzpret, and the Premarin family brands; infectious diseases with unmet medical needs under the Prevnar family, Abrysvo, Nimenrix, FSME/IMMUN-TicoVac, and Trumenba brands; and COVID-19 prevention and treatment, and potential future mRNA and antiviral products under the Comirnaty and Paxlovid brands.

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