LifeWealth Investments LLC Buys 12,904 Shares of Pfizer Inc. $PFE

Key Points

• LifeWealth Investments LLC increased its stake in Pfizer by 82.3%, acquiring an additional 12,904 shares, bringing its total holdings to 28,583 shares valued at $693,000.
• Pfizer reported $0.78 earnings per share (EPS) for the last quarter, exceeding estimates of $0.58, and its quarterly revenue was up 10.3% year-over-year.
• The company declared a quarterly dividend of $0.43, with an annual yield of 7.0%, payable on December 1st to shareholders on record as of November 7th.

LifeWealth Investments LLC raised its stake in shares of Pfizer Inc. (NYSE:PFE - Free Report) by 82.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,583 shares of the biopharmaceutical company's stock after purchasing an additional 12,904 shares during the quarter. LifeWealth Investments LLC's holdings in Pfizer were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. GKV Capital Management Co. Inc. bought a new stake in Pfizer during the first quarter valued at approximately $27,000. Bayforest Capital Ltd purchased a new position in shares of Pfizer during the first quarter worth approximately $28,000. North Capital Inc. purchased a new position in shares of Pfizer during the first quarter worth approximately $28,000. Harbor Asset Planning Inc. purchased a new position in shares of Pfizer during the second quarter worth approximately $29,000. Finally, WPG Advisers LLC purchased a new position in shares of Pfizer during the first quarter worth approximately $35,000. 68.36% of the stock is currently owned by institutional investors.

Pfizer Trading Down 0.5%

Pfizer stock opened at $24.72 on Thursday. The firm has a 50 day moving average of $24.88 and a 200 day moving average of $24.13. The firm has a market capitalization of $140.52 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.82 and a beta of 0.55. Pfizer Inc. has a 12-month low of $20.92 and a 12-month high of $29.17. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.

Pfizer (NYSE:PFE - Get Free Report) last released its earnings results on Tuesday, August 5th. The biopharmaceutical company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.20. The company had revenue of $14.65 billion during the quarter, compared to analyst estimates of $13.43 billion. Pfizer had a net margin of 16.84% and a return on equity of 21.42%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Pfizer has set its FY 2025 guidance at 2.900-3.100 EPS. As a group, research analysts predict that Pfizer Inc. will post 2.95 earnings per share for the current year.

Pfizer Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, November 7th. Pfizer's dividend payout ratio is presently 91.49%.

Analyst Ratings Changes

A number of brokerages have issued reports on PFE. Wall Street Zen downgraded shares of Pfizer from a "buy" rating to a "hold" rating in a research report on Sunday, September 28th. Bank of America boosted their target price on shares of Pfizer from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Friday, October 3rd. Citigroup upped their price target on shares of Pfizer from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. UBS Group restated a "neutral" rating and set a $28.00 target price on shares of Pfizer in a research note on Wednesday, October 1st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Pfizer in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $28.13.

About Pfizer

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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