Pfizer Inc. $PFE Shares Acquired by Centennial Wealth Advisory LLC

Key Points

• Centennial Wealth Advisory LLC increased its stake in Pfizer Inc. by 62.7% during Q2, now holding 35,845 shares worth approximately $869,000.
• Several institutional investors have also raised their stakes in Pfizer, with over 68.36% of the company's stock now held by institutional investors.
• Pfizer's latest earnings report showed an EPS of $0.78, exceeding expectations, and its revenue of $14.65 billion was up 10.3% from the same quarter last year.

Centennial Wealth Advisory LLC grew its stake in Pfizer Inc. (NYSE:PFE - Free Report) by 62.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,845 shares of the biopharmaceutical company's stock after purchasing an additional 13,815 shares during the quarter. Centennial Wealth Advisory LLC's holdings in Pfizer were worth $869,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PFE. Morgan Stanley boosted their price objective on shares of Pfizer from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Bank of America upped their target price on shares of Pfizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Citigroup upped their target price on shares of Pfizer from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Pfizer from a "buy" rating to a "hold" rating in a research report on Sunday. Two 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 assigned a Sell rating to the stock. According to MarketBeat, Pfizer has an average rating of "Hold" and an average price target of $28.12.

Pfizer Trading Up 0.3%

Shares of NYSE:PFE opened at $23.84 on Tuesday. The company has a 50 day moving average of $24.54 and a 200-day moving average of $24.11. The firm has a market cap of $135.54 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.77 and a beta of 0.55. Pfizer Inc. has a twelve month low of $20.92 and a twelve month high of $30.43. 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 issued its quarterly earnings results on Tuesday, August 5th. The biopharmaceutical company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Pfizer has set its FY 2025 guidance at 2.900-3.100 EPS. As a group, analysts anticipate that Pfizer Inc. will post 2.95 earnings per share for the current fiscal year.

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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