Arrowstreet Capital Limited Partnership Has $473.05 Million Stake in Pfizer Inc. $PFE

Arrowstreet Capital Limited Partnership lowered its position in shares of Pfizer Inc. (NYSE:PFEFree Report) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,565,451 shares of the biopharmaceutical company’s stock after selling 153,504 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.33% of Pfizer worth $473,048,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Pfizer in the 2nd quarter valued at about $2,270,157,000. Vanguard Group Inc. grew its stake in Pfizer by 1.9% during the second quarter. Vanguard Group Inc. now owns 533,363,457 shares of the biopharmaceutical company’s stock worth $12,928,730,000 after purchasing an additional 10,198,330 shares during the period. Franklin Resources Inc. increased its holdings in Pfizer by 47.8% in the third quarter. Franklin Resources Inc. now owns 25,070,148 shares of the biopharmaceutical company’s stock worth $638,787,000 after purchasing an additional 8,108,887 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Pfizer by 203.8% in the third quarter. Neuberger Berman Group LLC now owns 9,012,811 shares of the biopharmaceutical company’s stock valued at $229,346,000 after buying an additional 6,045,763 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Pfizer by 75.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,689,103 shares of the biopharmaceutical company’s stock worth $221,398,000 after buying an additional 3,722,531 shares in the last quarter. 68.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on PFE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pfizer in a research report on Thursday, January 22nd. Citigroup started coverage on shares of Pfizer in a research note on Tuesday, December 2nd. They set a “neutral” rating and a $26.00 target price on the stock. Wolfe Research set a $24.00 price target on shares of Pfizer and gave the stock an “underperform” rating in a report on Wednesday, December 17th. TD Cowen reaffirmed a “hold” rating on shares of Pfizer in a research note on Tuesday, December 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $30.00 price objective on shares of Pfizer in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.05.

Read Our Latest Research Report on Pfizer

Pfizer News Roundup

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Pfizer Stock Performance

Shares of PFE stock opened at $26.85 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $26.47 and a two-hundred day simple moving average of $25.51. Pfizer Inc. has a 12 month low of $20.92 and a 12 month high of $27.94. The firm has a market capitalization of $152.65 billion, a PE ratio of 19.74 and a beta of 0.47.

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

Pfizer Profile

(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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