Jefferson Bridge Capital LLC Makes New $1.33 Million Investment in Pfizer Inc. $PFE

Jefferson Bridge Capital LLC bought a new position in Pfizer Inc. (NYSE:PFEFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 53,410 shares of the biopharmaceutical company’s stock, valued at approximately $1,330,000. Pfizer makes up approximately 1.3% of Jefferson Bridge Capital LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other large investors have also added to or reduced their stakes in PFE. Brighton Jones LLC raised its holdings in Pfizer by 1,282.4% in the fourth quarter. Brighton Jones LLC now owns 666,318 shares of the biopharmaceutical company’s stock worth $17,677,000 after purchasing an additional 618,117 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Pfizer by 12.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 18,766 shares of the biopharmaceutical company’s stock worth $498,000 after purchasing an additional 2,087 shares in the last quarter. United Bank raised its holdings in Pfizer by 12.4% in the second quarter. United Bank now owns 58,087 shares of the biopharmaceutical company’s stock worth $1,408,000 after purchasing an additional 6,415 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Pfizer by 79.1% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 4,941 shares of the biopharmaceutical company’s stock worth $120,000 after purchasing an additional 2,182 shares in the last quarter. Finally, Transce3nd LLC raised its holdings in Pfizer by 59.4% in the second quarter. Transce3nd LLC now owns 1,879 shares of the biopharmaceutical company’s stock worth $46,000 after purchasing an additional 700 shares in the last quarter. 68.36% of the stock is currently owned by institutional investors.

More Pfizer News

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Pfizer from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Cantor Fitzgerald restated a “neutral” rating and set a $27.00 price objective on shares of Pfizer in a report on Wednesday, February 4th. Guggenheim upped their price objective on shares of Pfizer from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. BMO Capital Markets restated an “outperform” rating and set a $30.00 price objective on shares of Pfizer in a report on Monday, March 9th. Finally, Bank of America cut their price objective on shares of Pfizer from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Pfizer presently has an average rating of “Hold” and an average price target of $28.19.

Check Out Our Latest Stock Analysis on PFE

Pfizer Stock Performance

PFE opened at $27.10 on Wednesday. The firm’s 50-day moving average price is $27.14 and its 200-day moving average price is $25.89. The company has a market cap of $154.07 billion, a P/E ratio of 19.92 and a beta of 0.43. Pfizer Inc. has a 52-week low of $20.92 and a 52-week high of $28.75. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.71.

Pfizer (NYSE:PFEGet Free Report) last issued its earnings results on Tuesday, February 3rd. The biopharmaceutical company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. The firm had revenue of $17.56 billion for the quarter, compared to analyst estimates of $16.93 billion. Pfizer had a return on equity of 20.48% and a net margin of 12.42%.Pfizer’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. As a group, equities analysts anticipate that Pfizer Inc. will post 2.95 EPS for the current fiscal year.

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.

Further Reading

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Institutional Ownership by Quarter for Pfizer (NYSE:PFE)

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