Pfizer Inc. $PFE Stock Position Lowered by Cibc World Market Inc.

Key Points

• CIBC World Market reduced its Pfizer position by 15.6% in the second quarter, selling 449,291 shares and retaining 2.44 million shares valued at approximately $58.7 million. Institutional investors and hedge funds own 68.36% of Pfizer.
• Analyst sentiment remains mixed, with Pfizer carrying an overall “Hold” rating and an average price target of $28.28. Several firms recently cut their targets, although BMO Capital Markets and Guggenheim maintained positive ratings.
• Pfizer beat quarterly earnings and revenue expectations, reporting $0.77 in adjusted EPS and $15.03 billion in revenue. The company also announced a quarterly dividend of $0.43 per share, equivalent to a 6.1% annualized yield, though its payout ratio is elevated at 226.32%.

Cibc World Market Inc. decreased its position in Pfizer Inc. (NYSE:PFE - Free Report) by 15.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,439,019 shares of the biopharmaceutical company's stock after selling 449,291 shares during the period. Cibc World Market Inc.'s holdings in Pfizer were worth $58,732,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. boosted its position in shares of Pfizer by 19.4% in the first quarter. Vermillion Wealth Management Inc. now owns 2,352 shares of the biopharmaceutical company's stock worth $66,000 after buying an additional 382 shares during the period. Eagle Capital Management LLC raised its position in Pfizer by 0.3% during the first quarter. Eagle Capital Management LLC now owns 126,573 shares of the biopharmaceutical company's stock valued at $3,554,000 after buying an additional 390 shares during the period. Delta Financial Advisors LLC raised its position in Pfizer by 1.6% during the first quarter. Delta Financial Advisors LLC now owns 25,266 shares of the biopharmaceutical company's stock valued at $709,000 after buying an additional 398 shares during the period. Pines Wealth Management LLC lifted its stake in Pfizer by 4.4% in the 4th quarter. Pines Wealth Management LLC now owns 9,430 shares of the biopharmaceutical company's stock worth $235,000 after acquiring an additional 400 shares in the last quarter. Finally, Mount Vernon Associates Inc. MD boosted its position in Pfizer by 1.0% during the 1st quarter. Mount Vernon Associates Inc. MD now owns 41,919 shares of the biopharmaceutical company's stock worth $1,177,000 after acquiring an additional 400 shares during the period. 68.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PFE shares. BMO Capital Markets dropped their target price on Pfizer from $34.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. JPMorgan Chase & Co. lowered their price objective on shares of Pfizer from $30.00 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. UBS Group reiterated a "neutral" rating and issued a $27.00 price objective on shares of Pfizer in a research note on Wednesday, May 27th. Weiss Ratings downgraded shares of Pfizer from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Finally, Guggenheim decreased their target price on shares of Pfizer from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $28.28.

Pfizer Stock Down 0.4%

PFE stock opened at $27.97 on Tuesday. The firm has a market cap of $159.41 billion, a PE ratio of 36.80 and a beta of 0.34. Pfizer Inc. has a 1 year low of $23.58 and a 1 year high of $28.75. The company has a fifty day simple moving average of $25.34 and a 200 day simple moving average of $26.26. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71.

Pfizer (NYSE:PFE - Get Free Report) last posted its earnings results on Tuesday, August 4th. The biopharmaceutical company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. Pfizer had a return on equity of 19.63% and a net margin of 6.80%.The company had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the company earned $0.78 earnings per share. The business's revenue was up 2.6% compared to the same quarter last year. Pfizer has set its FY 2026 guidance at 2.800-3.000 EPS. Sell-side analysts anticipate that Pfizer Inc. will post 2.98 EPS for the current fiscal year.

Pfizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, July 24th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, July 24th. Pfizer's dividend payout ratio (DPR) is presently 226.32%.

Pfizer Company Profile

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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