Sunday, 19 January, 2020


Share Buyback Plan Initiated by Pfizer (NYSE:PFE) Board of Directors

Xeljanz Sees Rapid Adoption in 2017 Share Buyback Plan Initiated by Pfizer (NYSE:PFE) Board of Directors
Conrad Doyle | 28 December, 2017, 23:48

Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued. The institutional investor held 287,770 shares of the paper company at the end of 2017Q3, valued at $16.35 million, up from 41,896 at the end of the previous reported quarter. Petrus Trust Company Lta who had been investing in Lands End Inc New for a number of months, seems to be bullish on the $626.70 million market cap company.

The stock decreased 1.12% or $0.33 during the last trading session, reaching $29.21. About 32,518 shares traded. (NYSE:PFE). Highland Mgmt LP has 0.01% invested in Pfizer Inc. It has outperformed by 9.17% the S&P500.

Lee Ainslie decreased its stake in Pfizer Inc (PFE) by 27.2% based on its latest 2017Q3 regulatory filing with the SEC. Nelson Van Denburg & Campbell Wealth Management Group Llc sold 7,979 shares as the company's stock declined 3.45% while stock markets rallied. The institutional investor held 119,701 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.83 million, up from 97,489 at the end of the previous reported quarter.

Pfizer (NYSE:PFE) last announced its earnings results on Tuesday, May 2nd. Hartford Financial Management Inc. now owns 8,538 shares of the biopharmaceutical company's stock worth $286,000 after buying an additional 835 shares during the last quarter. Pfizer Inc. (NYSE:PFE) has declined 2.76% since December 28, 2016 and is downtrending. It has underperformed by 23.16% the S&P500. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Therefore 67% are positive. Lands' End had 2 analyst reports since September 26, 2016 according to SRatingsIntel. Deutsche Bank set a $38.00 price objective on shares of Pfizer and gave the company a "buy" rating in a research note on Wednesday, October 11th. The company was downgraded on Wednesday, November 2 by BMO Capital Markets. The company was maintained on Thursday, April 13 by Jefferies. As per Monday, May 9, the company rating was maintained by Credit Suisse. The rating was reinitiated by Stifel Nicolaus on Tuesday, January 5 with "Buy". The stock has "Underweight" rating by Barclays Capital on Monday, October 30. BMO Capital Markets set a $39.00 price objective on Pfizer and gave the company a "buy" rating in a research note on Tuesday, October 31st. $38.62's average target is 6.30% above currents $36.33 stock price.

Investors sentiment decreased to 0.95 in 2017 Q3. Its up 0.02, from 0.94 in 2017Q2. It increased, as 53 investors sold PFE shares while 700 reduced holdings. Sphera Funds Management LTD. bought a new stake in shares of Pfizer during the 1st quarter valued at about $13,342,000. Oakmont Partners Ltd Company holds 6,906 shares. 65,478 were accumulated by Checchi Cap Advisers Limited Liability Corp. Finally, Northpointe Capital LLC boosted its stake in shares of Pfizer by 4.7% in the third quarter. Lenox Wealth Mgmt Inc holds 0.01% of its portfolio in The Allstate Corporation (NYSE:ALL) for 394 shares. Following the sale, the insider now directly owns 54,963 shares in the company, valued at $1,879,184.97. Fisher Asset Limited Liability Corporation invested 0% in MasTec, Inc. Broderick Brian C invested in 0.25% or 19,383 shares. Capital Serv Of America holds 0.06% of its portfolio in Pfizer Inc. That suggests something of the likelihood of a short squeeze in shares of PFE. Stillwater Cap Advsr Ltd Liability invested in 380,450 shares. (NYSE:MTZ). Manufacturers Life Ins The has 0% invested in MasTec, Inc. The California-based California Employees Retirement has invested 0.79% in Pfizer Inc. Pioneer Trust Bankshares N A Or stated it has 22,401 shares or 0.42% of all its holdings. Jefferies Group Ltd Com invested 0.16% of its portfolio in Pfizer Inc. (NYSE:PFE) or 15,000 shares. They expect $0.56 EPS, up 19.15% or $0.09 from last year's $0.47 per share. PFE's profit will be $3.34B for 16.21 P/E if the $0.56 EPS becomes a reality. Pfizer Inc. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.43 and a quick ratio of 1.15.

Among 9 analysts covering CGI Group (NYSE:GIB), 6 have Buy rating, 1 Sell and 2 Hold. These analysts have also projected a Low Estimate of $0.53/share and a High Estimate of $0.58/share. (NYSE:PFE) has "Neutral" rating given on Wednesday, November 25 by Suntrust Robinson. The stock of Pfizer Inc. (NYSE:MTZ) has "Outperform" rating given on Monday, August 7 by FBR Capital. The firm has "Market Perform" rating given on Wednesday, November 2 by BMO Capital Markets. Finally, Zacks Investment Research raised shares of Pfizer from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a report on Tuesday, October 3rd. The firm earned "Sell" rating on Tuesday, May 16 by Citigroup. (NYSE:PFE) earned "Overweight" rating by Piper Jaffray on Friday, August 28. Herndon Capital Management LLC bought a new stake in Pfizer in the 2nd quarter worth approximately $120,000. (NYSE:MTZ) rating on Monday, November 14. Argus Research maintained Pfizer Inc.

PFE has been the subject of several recent research reports.

Since August 4, 2017, it had 0 insider buys, and 3 insider sales for $9.02 million activity. (NYSE:PFE). Foster Motley Inc reported 1.74% of its portfolio in Pfizer Inc.

In other Pfizer news, EVP Alexander R. Mackenzie sold 7,350 shares of the company's stock in a transaction dated Monday, October 2nd. Shares for $3.30M were sold by READ IAN C. The stock was sold at an average price of $35.65, for a total value of $262,027.50. 3,500 shares were sold by CLONINGER KRISS III, worth $283,710.

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