Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 442.87MM shares of Pfizer Inc. (PFE). This represents 7.9% of the company.
In their previous filing dated February 1, 2022 they reported 409.99MM shares and 7.30% of the company, an increase in shares of 8.02% and an increase in total ownership of 0.60% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 27.65% Upside
As of February 3, 2023, the average one-year price target for Pfizer is $56.60. The forecasts range from a low of $44.44 to a high of $78.75. The average price target represents an increase of 27.65% from its latest reported closing price of $44.34.
The projected annual revenue for Pfizer is $79,124MM, a decrease of 21.14%. The projected annual EPS is $5.02, a decrease of 10.23%.
Fund Sentiment
There are 4484 funds or institutions reporting positions in Pfizer. This is an increase of 4 owner(s) or 0.09%.
Average portfolio weight of all funds dedicated to US:PFE is 0.7865%, a decrease of 4.9319%. Total shares owned by institutions increased in the last three months by 0.92% to 4,440,385K shares.
What are large shareholders doing?
Capital World Investors holds 248,850,529 shares representing 4.43% ownership of the company. In it's prior filing, the firm reported owning 250,126,747 shares, representing a decrease of 0.51%. The firm decreased its portfolio allocation in PFE by 12.24% over the last quarter.
Wellington Management Group Llp holds 210,874,152 shares representing 3.76% ownership of the company. In it's prior filing, the firm reported owning 219,171,647 shares, representing a decrease of 3.93%. The firm decreased its portfolio allocation in PFE by 15.07% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 167,429,728 shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 165,241,519 shares, representing an increase of 1.31%. The firm decreased its portfolio allocation in PFE by 11.85% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 127,225,726 shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 124,191,548 shares, representing an increase of 2.38%. The firm decreased its portfolio allocation in PFE by 11.58% over the last quarter.
Geode Capital Management holds 110,442,140 shares representing 1.97% ownership of the company. In it's prior filing, the firm reported owning 108,582,838 shares, representing an increase of 1.68%. The firm decreased its portfolio allocation in PFE by 12.04% over the last quarter.
Pfizer Declares $0.41 Dividend
Pfizer said on December 9, 2022 that its board of directors declared a regular quarterly dividend of $0.41 per share ($1.64 annualized). Shareholders of record as of January 26, 2023 will receive the payment on March 3, 2023. Previously, the company paid $0.40 per share.
At the current share price of $44.34 / share, the stock's dividend yield is 3.70%. Looking back five years and taking a sample every week, the average dividend yield has been 3.67%, the lowest has been 2.62%, and the highest has been 5.34%. The standard deviation of yields is 0.46 (n=236).
The current dividend yield is 0.07 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.29. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.08%, demonstrating that it has increased its dividend over time.
Pfizer Background Information
(This description is provided by the company.)
Pfizer applies science and its global resources to bring therapies to people that extend and significantly improve their lives. It strives to set the standard for quality, safety and value in the discovery, development and manufacture of health care products, including innovative medicines and vaccines. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with its responsibility as one of the world's premier innovative biopharmaceutical companies, it collaborates with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 150 years, it has worked to make a difference for all who rely on it. It routinely posts information that may be important to investors on its website at www.Pfizer.com.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
