PARK CIRCLE Co Purchases 65,900 Shares of Pfizer Inc. $PFE

Key Points

• PARK CIRCLE Co increased its stake in Pfizer by 374.4% during the 2nd quarter, acquiring an additional 65,900 shares, bringing its total holdings to 83,500 shares valued at approximately $2.024 million.
• Several institutional investors, including Brighton Jones LLC and Farther Finance Advisors LLC, have significantly increased their stakes in Pfizer, indicating growing institutional interest in the company.
• Analyst reports reveal a mixed outlook for Pfizer, with two analysts rating it a Strong Buy and others issuing hold ratings, while the consensus price target stands at $28.41.

PARK CIRCLE Co lifted its position in shares of Pfizer Inc. (NYSE:PFE - Free Report) by 374.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,500 shares of the biopharmaceutical company's stock after purchasing an additional 65,900 shares during the quarter. Pfizer comprises 1.7% of PARK CIRCLE Co's investment portfolio, making the stock its 15th biggest holding. PARK CIRCLE Co's holdings in Pfizer were worth $2,024,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Pfizer by 1,282.4% during the 4th quarter. Brighton Jones LLC now owns 666,318 shares of the biopharmaceutical company's stock valued at $17,677,000 after purchasing an additional 618,117 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Pfizer by 12.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 18,766 shares of the biopharmaceutical company's stock valued at $498,000 after buying an additional 2,087 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Pfizer by 44.1% during the first quarter. Farther Finance Advisors LLC now owns 85,290 shares of the biopharmaceutical company's stock valued at $2,093,000 after buying an additional 26,095 shares during the last quarter. GAMMA Investing LLC raised its holdings in Pfizer by 69.0% in the 1st quarter. GAMMA Investing LLC now owns 63,131 shares of the biopharmaceutical company's stock worth $1,600,000 after acquiring an additional 25,785 shares during the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in Pfizer during the 1st quarter valued at $1,881,000. Institutional investors own 68.36% of the company's stock.

Wall Street Analyst Weigh In

PFE has been the subject of several recent analyst reports. Citigroup boosted their price target on Pfizer from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Weiss Ratings restated a "hold (c-)" rating on shares of Pfizer in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Pfizer from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Wall Street Zen cut shares of Pfizer from a "buy" rating to a "hold" rating in a report on Sunday, September 28th. Finally, Bank of America raised their target price on shares of Pfizer from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pfizer presently has a consensus rating of "Hold" and a consensus price target of $28.41.

Pfizer Trading Down 2.3%

NYSE:PFE opened at $25.67 on Thursday. Pfizer Inc. has a one year low of $20.92 and a one year high of $30.43. The business has a fifty day moving average price of $24.79 and a 200-day moving average price of $24.15. The firm has a market capitalization of $145.95 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.16 and a quick ratio of 0.85.

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

Pfizer 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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