Nordea Investment Management AB Acquires 167,271 Shares of Pfizer Inc. $PFE

Nordea Investment Management AB grew its holdings in shares of Pfizer Inc. (NYSE:PFEFree Report) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,097,346 shares of the biopharmaceutical company’s stock after acquiring an additional 167,271 shares during the quarter. Nordea Investment Management AB’s holdings in Pfizer were worth $148,287,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Curio Wealth LLC increased its position in Pfizer by 36,600.0% during the 2nd quarter. Curio Wealth LLC now owns 1,101 shares of the biopharmaceutical company’s stock worth $27,000 after purchasing an additional 1,098 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Pfizer during the second quarter worth $29,000. Howard Hughes Medical Institute bought a new stake in shares of Pfizer during the second quarter worth $30,000. Darwin Wealth Management LLC acquired a new position in shares of Pfizer during the second quarter worth $32,000. Finally, Evelyn Partners Asset Management Ltd bought a new position in shares of Pfizer in the 2nd quarter valued at $33,000. 68.36% of the stock is currently owned by institutional investors and hedge funds.

Pfizer Price Performance

Shares of PFE opened at $25.12 on Wednesday. The business has a 50-day moving average of $25.29 and a 200-day moving average of $24.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.28 and a quick ratio of 0.97. The company has a market capitalization of $142.83 billion, a price-to-earnings ratio of 14.60 and a beta of 0.47. Pfizer Inc. has a 1 year low of $20.92 and a 1 year high of $27.69.

Pfizer (NYSE:PFEGet Free Report) last announced its earnings results on Tuesday, November 4th. The biopharmaceutical company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. The business had revenue of $16.65 billion for the quarter, compared to analysts’ expectations of $16.94 billion. Pfizer had a return on equity of 20.17% and a net margin of 15.65%.Pfizer has set its FY 2025 guidance at 3.000-3.150 EPS. As a group, equities research analysts anticipate that Pfizer Inc. will post 2.95 earnings per share for the current year.

Pfizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.43 per share. The ex-dividend date is Friday, January 23rd. This represents a $1.72 annualized dividend and a dividend yield of 6.8%. Pfizer’s dividend payout ratio is 100.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Pfizer in a research report on Wednesday, October 8th. Guggenheim restated a “buy” rating on shares of Pfizer in a report on Wednesday, December 17th. HSBC reiterated a “buy” rating and issued a $29.00 price objective on shares of Pfizer in a report on Wednesday, December 10th. Wall Street Zen lowered shares of Pfizer from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Wolfe Research set a $24.00 price target on shares of Pfizer and gave the company an “underperform” rating in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.88.

Check Out Our Latest Stock Analysis on PFE

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About Pfizer

(Free Report)

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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Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

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